Question: Robin purchased a 2 0 - year bond with a duration of 1 1 years for $ 1 , 3 2 3 . 1 8

Robin purchased a 20-year bond with a duration of 11 years for $1,323.18. Which of these statements is CORRECT?
A)
The yield to maturity (YTM) is less than both the current yield and the coupon rate.
B)
The current yield is higher than both the coupon rate and the yield to maturity.
C)
The coupon rate is higher than the yield to maturity, and the YTM is higher than the current yield.
D)
The coupon rate is lower than the YTM, and the current yield should be higher than the coupon rate.

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