The current yield for a bond is determined by dividing dollar amount of annual interest by the current market value.

Name: The current yield for a bond is determined by dividing dollar amount of annual interest by the current market value.
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The statement is correct. The current yield is calculated by dividing the annual interest payment by the current market value of the bond. It represents the rate of return that an investor can expect to receive in the form of interest income from the bond.

The Current Yield for a Bond Is Determined by Dividing