I was just looking for an explanation on this question that I missed on an exam:

I purchase a 12 percent coupon bond. Based on my purchase price, I calculate a yield to maturity of 6 percet. If I hold this bond to maturity, then my return on this asset is:

6%

So I know the answer I just need a little explanation. Is your return on asset the same thing as yield to maturity for a coupon bond? Or when does it vary? Thanks.