Under unexpected deflation, which of the following persons will lose?
(1) Ms Mok holds a time deposit of one million dollars in a deposit taking company.
(2) Mr Lo receives interest from Silver Bond of which the rate of return is linked to the inflation, subject to a minimum return of 3%.
(3) Mr Chan signs a two-year contract with an online TV company to subscribe to its services by a fixed monthly payment.
A. (1) only
B. (2) only
C. (3) only
D. (2) and (3) only