Match each debt security feature or yield measure with its correct defining characteristic.
- Nominal YieldThe stated annual coupon rate printed on the bond certificate, calculated as a percentage of par value.
- Current YieldThe annual interest dollar payout divided by the bond's current secondary market price.
- Yield to Maturity (YTM)The total annualized return anticipated on a bond if held to its final payment date, accounting for market price, coupon income, and par redemption.
- Call FeatureA contractual provision allowing the issuing entity to redeem the bond prior to its scheduled maturity date.
Cevap
Nominal Yield matches stated annual coupon rate relative to par; Current Yield matches annual interest dollar payout divided by current secondary market price; Yield to Maturity matches total annualized return if held to final payment date; Call Feature matches contractual provision allowing the issuing entity to redeem early.
Each terminology item directly maps to its primary FINRA definition: nominal yield is the fixed coupon rate, current yield calculates income over secondary market price, yield to maturity represents comprehensive long-term yield, and call features grant early redemption rights to the issuer.
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Anahtar Kavram
Bond Yield Terminology and Structural Features