As a Chief Financial Officer $($CFO$)$ of IU South Bend, you realized that IUSB had idle $($or surplus$)$ cash at the end of last fiscal year, December $31,2023.$ The cash will not be needed for the operation this year. Therefore, you are planning to invest the cash in short$-$term cash investment this year. There are three different bonds issued by each local government near here. All three bond issuers are financially healthy $($e$.$g$.,$ no default risk$)$ and information on each bond is as follows:

Question $1.$ Calculate current yields of each bond $($Show how you calculate them$).$

Question $2.$ Which bond do you want to purchase for short$-$term cash investment?