The current yield (CY) is:
A) The ratio of the semi-annual coupon interest divided by the bond's maturity value.
B) The ratio of the semi-annual coupon interest divided by the bond's current market price.
C) The ratio of the annual coupon interest divided by the bond's current market price.
D) The ratio of the annual coupon interest divided by the bond's maturity value.
Correct Answer:
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