Question: The current yield will increase when a bonds: I. price increases II. price decreases III. coupon increases IV. coupon decreases a. II. and III. only

The current yield will increase when a bonds:

I. price increases II. price decreases III. coupon increases IV. coupon decreases

a. II. and III. only b. III. only c. I. and IV. only d. I. and III. only

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