You own a bond that has a 7 percent coupon and matures in 15 years. You purchased this bond at par value when it was originally issued. If the current market rate for this type and quality of bond is 9.5 percent, then you would expect:

a) the bond issuer to increase the amount of each interest payment on these bonds.

b) the yield to maturity to remain constant due to the fixed coupon rate.

c) to make a capital gain if you sold the bond at the market price today.

d) today's market price to be less than the face value of the bond.

e) the current yield today to be greater than 7 percent.