Question
The current yield on a bond is calculated to find the
return on a bond. How is current yield calculated?Solution
The current yield is simply the coupon payment as a percentage of the bond’s purchase price. In other words, it is the return a holder of the bond gets against its purchase price which may be more or less than the face value or the par value. The current yield does not take into account the reinvestment of the interest income received periodically. Current Yield =( absolute Coupon Amount periodically)/ (Market Price)
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