Which of the following is the best definition of the coupon yield on a bond?

Group of answer choices

The percentage of the face amount paid each period in cash.

Next year's coupon payment divided by the current market price.

(The coupon payment plus the change in the price of the bond from the previous year) divided by the current price of the bond.

(The change in the price of the bond from the previous year dividend by the current price of the bond) divided by the current price of the bond.