Current yield on YTM

CURRENT YIELD ON BOND
It measures the rate of return earned on a bond, if it is purchased at its current market price and if the coupon interest is received.
Current yield = Coupon interest/current market price
If a bond of face value Rs. 1,000, carrying a coupon interest rate of 8 per cent, is quoted in the market at Rs. 800, then the
Current yield of the bond is = 8 per cent * 1,000/800 = 10 per cent

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