Which of the following bonds offers the highest current? yield?

a. A 7.56?%, ?20-year bond quoted at 98.437.

b. A 12.60?%, ?15-year bond quoted at 164.062.

c. A 3.78?%, ?18-year bond quoted at 49.219.

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. All of the above bonds have a current yield of approximately 7.68?%.

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 bhas the highest current yield because it has the highest coupon rate and the highest market value.