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.
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