Financial planning cases 14-1 The Johnsons Want Greater Yields on Investments The investments of Harry and Belinda have done well through the years. While the cash portion of their portfolio has risen to $16,000, it is earning a minuscule 1 percent in a money market account; thus they are seeking greater yields with bond investments. Examine the table located below, which identifies eight investment alternatives, and then respond to the questions that follow. The coupon rates vary because the issue dates range widely, and market prices are above par because older bonds paid higher interest than today's issues. a. What is the current yield of each investment alternative? Use Equation (14.4) or visit the Garman/Forgue companion website. (Write your responses in the proper column in the table.) Round your answers to one decimal place. b. What is the yield to maturity for each investment alternative? You may calculate the YTMs by using Equation (14.5) or by visiting the Garman/Forgue companion website. (Write your responses in the proper column in the table.) Round your answers to one decimal place. Enter negative values with minus sign