A coupon bond pays out 4% 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 $90.29.

i) Calculate the current yield and explain what it means in your own words.

ii) Calculate the yield to maturity and explain what it means in your own words.

iii) Calculate the duration and explain what it means in your own words.

iv) Calculate the convexity and explain what it means in your own words.