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CURRENT YIELD Definition & Legal Meaning

Definition & Citations:

A current measure of the return on a COUPONbearing FIXED INCOME security, generally computed as: where C is the coupon, and P is the purchase price of the security. See also BOND EQUIVALENT YIELD, DISCOUNT YIELD, SIMPLE YIELD, TAXABLE EQUIVALENT YIELD, YIELD TO CALL, YIELD TO MATURITY.


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