Tsuyoshi is considering three Japanese government bonds with different maturities. Which of the following bonds would offer

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Tsuyoshi is considering three Japanese government bonds with different maturities. Which of the following bonds would offer the highest current yield at a par amount of ¥1,000?
a. A 1%, 20-year bond quoted at 101.5
b. A 0.5%, four-year bond quoted at 102.4
c. A 0%, 30-year bond quoted at 99.8

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Fundamentals Of Investing

ISBN: 9780135175217

14th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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