Which of the following statements about yield to maturity is correct?

(1) The price of the bond and yield to maturity are negatively related.

(2) If the yield to maturity is lower than the coupon rate, the price of the bond is higher than its par value.

(3) The yield to maturity must be equal to the coupon rate.

a.

(1) and (2) only

b.

(2) and (3) only

c.

(1) and (3) only

d.

(1), (2) and (3)