Given that an investor sells a bond prior to its maturity, which of the following statements are true? (Assume a fixed and positive coupon bond originally purchased at face value.)

A) A decrease in the bond's yield-to-maturity will result in a capital gain.

B) An increase in the bond's yield-to-maturity will result in a in both a capital loss and negative holding period return.

C) A decrease in the bond's yield-to-maturity will result in a capital loss.

D) An increase in the bond's yield-to-maturity will result in a capital loss, but the investor may realize a positive holding period return.