Which of the following statements is CORRECT?
a. A zero coupon bond's current yield is equal to its yield to maturity.
b. If a bond's yield to maturity exceeds its coupon rate, the bond will sell at a premium over par.
c. All else equal, if a bond's yield to maturity increases, its price will fall.
d. If a bond's yield to maturity exceeds its coupon rate, the bond will sell at par.
e. All else equal, if a bond's yield to maturity increases, its current yield will fall.