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Which of the following bonds offers the highest current yield? a. A(n) 8.94%, 20-year bond quoted at 100.793. b. A(n) 14.90%, 15-year bond quoted at
Which of the following bonds offers the highest current yield? a. A(n) 8.94%, 20-year bond quoted at 100.793. b. A(n) 14.90%, 15-year bond quoted at 167.988. c. A(n) 4.47%, 18-year bond quoted at 50.396. The current yield of the bond in part a is%(Round to two decimal places.) The current yield of the bond in part bis % (Round to two decimal places.) The current yield of the bond in part cis %. (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. The bond in part b has the highest current yield because it has the highest coupon rate and the highest market value. C. All of the above bonds have a current yield of approximately 8.87%
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