- CFA Exams
- CFA Level I Exam
- Study Session 14. Fixed Income (1)
- Reading 44. Introduction to Fixed-Income Valuation
- Subject 5. Yield Measures for Fixed-Rate Bonds
CFA Practice Question
The yield that is the annual coupon payment divided by the flat price, plus straight-line amortization of the bond discount or premium, is known as the ______.
A. simple yield
B. current yield
C. true yield
Explanation: The simple yield is used mostly to quote Japanese government bonds.
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