Which of the Following Statements Is Most Accurate

Which of the following statements is most accurate?

A) The holder of a callable bond faces reinvestment risk precisely when it hurts: when market rates are lower than the coupon rate she is currently receiving.
B) When yields have risen,the issuer will choose to exercise the call on the callable bond.
C) The issuer will exercise the call option only when the prevailing market rate exceeds the coupon rate of the bond.
D) A callable bond is relatively more attractive to the bondholder than the identical non-callable bond.
E) The issuer will exercise the call option only when the call price exceeds the prevailing market price of the bond.