# Adjusted current yield

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The **adjusted current yield** is a financial term used in reference to bonds and other fixed-interest securities. It is closely related to the concept of current yield.

The adjusted current yield is given by the current yield with addition of

Here *Face value* is the face value of the bond, and *Clean price* is the clean price of the bond (i.e. present value of the bond with accrued interest subtracted).

## Formula for adjusted current yield[edit]

In total the *adjusted current yield* is given by

## References[edit]

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