A coupon bond pays out 12% every year on a principal of $100. (remember there are 2 coupons per year) The bond matures in 10 years and has a market value of $178.24. Please make the explanations in your own words.

i) Calculate the current yield and explain what it means

ii) Calculate the yield to maturity and explain what it means

iii) Calculate the duration and explain what it means

iv) Calculate the convexity and explain what it means