A bond that is held to maturity

Select one:

a. will necessarily have a yield to maturity equal to the coupon rate.

b. will necessarily earn the yield to maturity at the time of purchase.

c. may earn more or less that its yield to maturity at the time of purchase because the rate at which coupons can be reinvested may change.

d. will earn the yield to maturity at the date of maturity.