Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'i c m a yield formula'?

A. The calculation method specified by ICMA (formerly ISMA) for determination of yield for fixed-rate bonds.
B. This is based on a different Effective Yield than on another market.
C. The method used in determining annual yield in Spanish corporate bonds.
D. Model of the prepayments of loans in a pool of individual loans, such as a mortgage pool or loan pool.

Answer: The calculation method specified by ICMA (formerly ISMA) for determination of yield for fixed-rate bonds.