Question : A 6.8%, 14-year semiannual bond at 89.231 2. A 11.5%, 24-year semiannual bond at 99.196 Assume that the par value of the bond is $1,000.
a. Which of these two bonds offers the highest current yield? (1 or 2)
b. Which one has the highest yield to maturity? (1 or 2)