Question: The bond's current yield was 4 . 7 0 % . ( Round your response to two decimal places. ) Why is the bond's yield

The bond's current yield was 4.70%.(Round your response to two decimal places.)
Why is the bond's yield to maturity less than its coupon rate?
A. The bond's price is higher than its face value, which lowers the bond's yield to maturity.
B. The bond's price is higher than its face value, which actually increases the bond's yield to maturity.
C. The bond's price is higher than its face value, which lowers the bond's current yield.
D. None of the above are correct.
The bond's current yield was 4.70%.(Round your response to two decimal

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