Answer: False
Explanation:
The Current Yield is calculated by dividing the annual interest on a bond by the current price and not the par value. This way the current price of the bond is the one that matters.
The Current Yield is calculated based on the logic of what the investor can expect as returns for purchasing the bond at the current rate and then holding it for a year or less and so is not the return that can be expected if the bond is held till maturity.
