A Bond's Current Yield Is Calculated As

question 138

Multiple Choice

A bond's current yield is calculated as:

• A) the annual interest payment divided by the bond's current market yield.
• B) the annual interest payment divided by the bond's face value.
• C) the annual interest payment divided by the bond's current price.
• D) the par value divided by the bond's current price.

---

Definitions:

Pollute

To contaminate the natural environment with harmful or poisonous substances, adversely affecting air, water, soil, and ecosystems.

Constant-Sum Game

A situation in game theory where the total gains and losses among participants are distributed equally, so that the sum of benefits and losses is constant.

Dominant Strategies

In game theory, these are strategies that result in the best outcome for a player, no matter what the other players do.

Pure Strategy

Strategy in which a player makes a specific choice or takes a specific action.