Question: A 1 5 - year bond with a face value of $ 1 , 0 0 0 currently sells for $ 8 5 0 .

A 15-year bond with a face value of $1,000 currently sells for $850. Which of the following statements is CORRECT?
Question 4 options:
1)
The bond's coupon rate exceeds its current yield.
2)
The bond's current yield exceeds its yield to maturity.
3)
The bond's yield to maturity is greater than its coupon rate.
4)
The bond's current yield is equal to its coupon rate.

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