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A bond's current yield is defined as O (Bond's coupon payment) / (bond's market price) O (Bond's coupon payment) x (bond's market price) (Bond's coupon

A bond's current yield is defined as O (Bond's coupon payment) / (bond's market price) O (Bond's coupon payment) x (bond's market price) (Bond's coupon payment) / (market interest rate) O (Bond's coupon payment) / (1+ market interest rate)

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