Question: A bond's current yield is defined as: A. the bond's annual coupon rate divided by the bond's par value. B. the bond's annual coupon rate

A bond's current yield is defined as:

A. the bond's annual coupon rate divided by the bond's par value.

B. the bond's annual coupon rate divided by the market interest rate.

C. the bond's annual coupon rate divided by the bond's current market price.

D. the bond's annual coupon rate divided by the bond's original issue price.

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