What Is a Bond's Current Yield? How Does the Current

question 66

Essay

What is a bond's current yield? How does the current yield differ from the yield to maturity and what determines how close the two values are?

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Definitions:

Mine

In a business context, mine refers to an excavation in the earth for extracting minerals or metals, a significant source of resources and industrial materials.

Depletion

The allocation of the cost of natural resources over the period they are consumed or sold.

Residual Value

The estimated value that an asset will realize upon its sale at the end of its useful life, after deducting the cost of disposal.