a. A(n) 8.58%, 20-year bond quoted at 100.087

b. A(n) 14.30%, 15-year bond quoted at 166.811

c. A(n) 4.29% 18-year bond quoted at 50.043

QUESTIONS: (round all to two decimal places) :

The current yield of the bond in part a is (Blank) percent ?

The current yield of the bond in part b is (Blank) percent?

The current yield of the bond in part c is (blank) percent?

Which of the three bonds offers the highest current yield?(Select the best answer below.)

A.All of the above bonds have a current yield of approximately 8.57%

B.The bond in part a has the highest current yield because it is held for the longest period of time.

C.The bond in part b has the highest current yield because it has the highest coupon rate and the highest market value.