Consider the table given below to answer the following question.

Maturity	Coupon				Bid Price				Asked Price				Chg				Asked Yield to Maturity (%)
2017, Nov 15		4.250				106.6250				106.6406				0.0078				0.888
2018, Nov 15		1.250				100.1484				100.1641				0.1094				1.194
2022, Nov 15		1.625				97.3047				97.3203				0.3281				2.038
2025, Nov 15		2.250				99.7500				99.7656				0.3516				2.276
2028, Nov 15		5.250				130.3906				130.4531				0.3828				2.493
2039, Nov 15		4.375				124.6406				124.6719				0.4766				2.935
2044, Nov 15		3.000				98.5859				98.6172				0.3750				3.072

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.)

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