Reinvestment Risk Is the Risk That

Reinvestment risk is the risk that

A) a bond's value may fall in the future.
B) a bond's future coupon payments may have to be invested at a rate lower than the bond's yield to maturity.
C) an investor's holding period will be short and equal in length to the maturity of the bonds he or she holds.
D) a bond's issuer may fail to make the future coupon payments and the investor will have no cash to reinvest.