Question

For yield to maturity (YTM) to be the best estimate of a bond's rate of return,...

For yield to maturity (YTM) to be the best estimate of a bond's rate of return, which of the following conditions should apply?

A.

Interest have gone up
B.

The bond is priced/trading a premium to par
C.

The bond is held to maturity
D.

The bond is priced/trading a discount to par
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