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1 . The current yield is defined as the: A . interest payment divided by the par value. B . annual coupon divided by the

1. The current yield is defined as the:
A. interest payment divided by the par value.
B. annual coupon divided by the face amount.
C. semi-annual coupon divided by the face amount.
D. semi-annual coupon divided by the market price.
E. annual coupon divided by the market price.

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