1. The current yield on a bond is equal to A. annual interest payment divided by the current market price. B. the yield to maturity. C. annual interest divided by the par value. D. the internal rate of return. E. None of the options 2. If a 7% coupon bond is trading for $975.00, it has a current yield of A. 7.00% B. 6.53% C. 7.24% D. 8.53%. E. 7.18% 3. A coupon bond pays annual interest, has a par value of $1,000, matures in 12 year rate of 8.7%, and has a yield to maturity of 7.9%. The current yield on this bond is A. 8.39% B. 8.43% C. 8.83%. D. 8.66% E. None of the options CSLID