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The Current Yield on a Bond Can Be Either Higher

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The current yield on a bond can be either higher or lower than its coupon rate of return.


Definitions:

Excused Sellers

Sellers who are relieved from the obligation to deliver goods under a contract due to certain conditions that make performance impracticable.

Usage of Trade

A set of practices or behaviors that are widely accepted and used by a particular industry or commercial sector.

Express Terms

Specific conditions and provisions explicitly stated in a contract or agreement.

Trade Usage

Established practices or patterns of behavior regularly observed and accepted in a particular industry or trade.

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