You want to invest in a Walt Disney bond that currently sells for $900, has a par value of $1000, and a coupon rate of 15%. The bond will mature in 6 years. Coupon payments are paid annually. What is the bond's yield to maturity (YTM)? a. 10.25% b. 14.85% c. 16.80% d. 17.85% Which statement is TRUE? (a) If a bond's coupon rate is less than its required return, the bond will sell at a discount. (b) If interest rates rise a bond's price will rise (and its YTM will fall). (c) If a bond's rating is downgraded by rating agencies its YTM will also fall. (d) Convertibles and bonds with warrants are usually offered with a lower initial coupon rate than an otherwise similar bond that doesn't have those features. (e) A firm will call their bonds (if allowed) when interest rates increase