The Current Yield on a Bond Is Equal to the Annual

question 104

Multiple Choice

The current yield on a bond is equal to the annual interest divided by the:

• A)issue price.
• B)maturity value.
• C)face amount.
• D)current market price.
• E)current par value.

---

Definitions:

Cassette

A small plastic or metal container housing a spool of magnetic tape used for recording or playing back audio and video.

Microchip Recorder

A small device capable of recording and storing data, often used in medical research or patient monitoring.

Artifact

An object made by a human being, typically of cultural or historical interest, or a distortion in data or observation.

Function Test

An evaluation designed to assess whether a system or component operates in accordance with its intended purpose.