Question: Which is the promised yield on a bond? Multiple choice question. It is equal to the current yield on a bond. It is the expected
Which is the promised yield on a bond? Multiple choice question. It is equal to the current yield on a bond. It is the expected yield, after adjusting for potential loss from default. It is the yield forecasted by the analysts. It is the yield based on the current price and expected cash flows, assuming no default
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