In finance, the yield on a security is a measure of the ex-ante return to a holder of the security. It is measure applied to common stocks, preferred stocks, convertible stocks and bonds, fixed income instruments, including bonds, including government bonds and corporate bonds, notes and annuities. There are various types of yield, and the method of calculation depends on the particular type of yield and the type of security. Dividend yield measures the past year's dividends on a stock (a share), expressed as a percentage of the share's market value.
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