The current yield of a bond is the rate of return on a bond if you hold it until maturity.

Name: The current yield of a bond is the rate of return on a bond if you hold it until maturity.
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The current yield of a bond is calculated by dividing the bond's annual interest payments by its current market price, not by holding it until maturity. The yield to maturity (YTM) is the rate of return if the bond is held until its maturity date.

The Current Yield of a Bond Is the Rate of Return