Assume that the par value of a bond is $1000. Considera bond where the coupon ra

Assume that the par value of a bond is $1000. Considera bond where the coupon rate is 9% and the current yield is 10%.Which of the following statements is true?A. Themarket value of the bond is more than $1000B. The current yield was a lot less than 9% when the bond was firstissuedC. The current yield was a lot greater than 9% when the bond wasfirst issuedD. The market value of the bond is less than $1000