Evaluating Yield to Maturity of a Corporate Bond

An investor is evaluating a corporate bond with a face value of $1,000, an annual coupon rate of 5%, and the bond currently trading at $1,050. The bond pays coupons once a year and has 10 years remaining to maturity. To better understand the yield characteristics of this bond, the investor calculates the Yield to Maturity (YTM). Which of the following statements about the bond's yield is accurate based on its current price and coupon rate?