How to get Selected Option Text of HTML SELECT using jQuery?

Get Selected Option Text of HTML SELECT using jQuery

<select id="mySelect">

    <option value="1">hello</option>

    <option value="2">bro</option>

</select>

<input type="button" id="test" value = "test" />

<script type="text/javascript">

    $("#test").live("click", function () {

        

        var selectedText = $("#mySelect option:selected").html();

        alert(selectedText);

    });

</script>