XYZ company had bonds outstanding with a 10% coupon rate, $1000 par value and 8 years left until maturity. The bonds yield to maturity is 9%. All of the following are true regarding these bonds except:

Select one:

a. The annual interest payment the bondholder will receive is $100

b. These bonds sell at a premium.

c. If the yield on these bonds remains at 9% the price of the bonds will rise as they approach maturity.

d. The current yield is less than 10%