Two bonds are given.

1. A 7.9%, 22-year bond at 152.461
2. A 7.4%, 15-year bond at 117.281

Assume that the par value of the bonds is $1,000 and use annual compounding of interest.

Which of these two bonds offers the highest current yield? Round your answers to two decimal places. Do not round intermediate calculations.

Bond a	%
Bond b	%

-Select-Bond aBond bItem 3 has the highest current yield.

Which one has the highest yield to maturity? Round your answers to two decimal places. Do not round intermediate calculations.

Bond a	%
Bond b	%

-Select-Bond has the highest yield to matiruty.