A frequently used approximation for the yield to maturity on a long-term bond is the
A. coupon rate.
B. current yield.
C. cash flow interest rate.
D. real interest rate.
Answer:B
A frequently used approximation for the yield to maturity on a long-term bond is the
A. coupon rate.
 B. current yield.
 C. cash flow interest rate.
 D. real interest rate.
