Which of the following bonds offers the highest current yield?

a. A(n) 10.68%, 20-year bond quoted at 93.331.

b. A(n) 17.80%, 15-year bond quoted at 155.551.

c. A(n) 5.34%, 18-year bond quoted at 46.665.

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 11.44%.

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