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Which of following three bonds offer the highest current yield? A 9.5%, 20-year bond quoted at 977.5 A 16%, 15-year bond quoted at 1646.25 A5.25%,

Which of following three bonds offer the highest current yield?

  1. A 9.5%, 20-year bond quoted at 977.5
  2. A 16%, 15-year bond quoted at 1646.25
  3. A5.25%, 18-year bond quoted at 540

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