?Which of the following statements is true of the yield to maturity for a bond?
A. ?The yield to maturity for a bond that sells at its par value comprises a capital gains yield equal to the face value of the bond.
B. ?The yield to maturity for a bond that sells at its par value entirely comprises an interest yield and has a zero expected capital gains yield.
C. The yield to maturity for a bond that sells at its par value comprises an interest yield equal to the capital yield on the bond.?
D. ?The yield to maturity for a bond that sells at its par value is equal to the present value of interest payments received from the bond.
E. ?The yield to maturity for a bond that sells at its par value is equal to the future value of interest payments received from the bond.
Answer: B
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