Which of the following bonds offers the highest current yield?

a$.$ A$($n$)3\mathrm{.}30\%,19-$year bond quoted at $39\mathrm{.}157.$

b$.$ A$($n$)5\mathrm{.}50\%,28-$year bond quoted at $65\mathrm{.}261.$

c$.$ A$($n$)1\mathrm{.}65\%,23-$year bond quoted at $19\mathrm{.}578.$

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 $b$ has the highest current yield because it has the highest coupon rate and the

highest market value.

B$.$ All of the above bonds have a current yield of approximately $8\mathrm{.}43\%.$

C$.$ The bond in part a has the highest current yield because it is held for the longest period of time.