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First, read the case Calculating & Disclosing Bond Yields: Ethics and Mechanics.
Be sure to read the Notes at the bottom of the case, including:
"The term "estimated yield" is essentially synonymous to the term "current yield." Textbooks define current yield as the bond's coupon payment divided by the current market value of the bond. Brokerage statements report what they term estimated yield, which is the client's projected annual income from a series of bonds (i.e. aggregate coupon income) divided by the aggregate market value of those bonds.
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Second, answer the questions. In your initial response to the topic you have to answer all questions:
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