Which of the following statements is CORRECT?
a). If a coupon bond is selling at par, its current yield is lower than its yield to maturity.
b) If rates fall after its issue, a zero coupon bond could trade at a price above its maturity (or par) value.
c) If rates fall rapidly, a zero coupon bond’s expected appreciation could become negative.
d) If a bond is selling at a premium, this implies that its coupon rate exceeds its yield to maturity.