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Consider the table given below to answer the following question. Maturity 2017, Nov 15 4.250 2018, Nov 15 . 2022, Nov 151.625 2025, Nov 15

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Consider the table given below to answer the following question. Maturity 2017, Nov 15 4.250 2018, Nov 15 . 2022, Nov 151.625 2025, Nov 15 2.250 2028, Nov 155.250 Coupon Bid Price 106.6250 100.1484 97.3047 99.7500 130.3906 124.6406 98.5859 Asked Price 106.6406 100.1641 97.3203 99.7656 130.4531 124.6719 98.6172 Chg 0.0078 0.1094 0.3281 0.3516 0.3828 0.4766 0.3750 Asked Yield to Maturity ( % ) 0.888 1.194 2.038 2.276 2.493 2.935 3.072 15 4.375 0 2044, Nov 15 3.00 a. what is the current yield of the 5.25% 2028 maturity bond? (Do not round intermediate calculations. Round your answer to 2 decimal places .) Current yield b. The current yield is less than the yield to maturity whenever the bond price is greater than the face value." State whether the statement is true or false? True False

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