Which of the following bonds offers the highest currentyield?

a. A(n) 9.66%, 20-year bond quoted at 100.576

b. A(n) 16.10%, 15-year bond quoted at 167.627

c. A(n) 4.83%, 18-year bond quoted at 50.288

The current yield of the bond in part a is

%. (Round to two decimalplaces.)

The current yield of the bond in part b is

%. (Round to two decimalplaces.)

The current yield of the bond in part c is

%. (Round to two decimalplaces.)

Which of the three bonds offers the highest currentyield?(Select the best answerbelow.)

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 9.60%.

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