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Which of the following bonds offers the highest current yield? a. A(n) 3.42%, 19-year bond quoted at 35.667. b. A(n) 5.70%, 28-year bond quoted at
Which of the following bonds offers the highest current yield? a. A(n) 3.42%, 19-year bond quoted at 35.667. b. A(n) 5.70%, 28-year bond quoted at 59.445. c. A(n) 1.71%, 23-year bond quoted at 17.834. The current yield of the bond in part a is %. (Round to two decimal places.) The current yield of the bond in part b is %. (Round to two decimal places.) The current yield of the bond in part c is %. (Round to two decimal places.) Which of the three bonds offers the highest current yield? (Select the best answer below.) A. The bond in part a has the highest current yield because it is held for the longest period of time. B. All of the above bonds have a current yield of approximately 9.59%. O C. The bond in part b has the highest current yield because it has the highest coupon rate and the highest market value
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