The following is another example bond.

MATURITY COUPON BID ASKED CHG ASKED YLD TO

MAT

May $15423\mathrm{.}000108\mathrm{.}2969108\mathrm{.}3594-0\mathrm{.}92972\mathrm{.}596$

$($a$)$ What is the yield to maturity on this bond?

$($b$)$ What is the current yield on this bond?

$($c$)$ Describe in words the conceptual difference between yield to maturity and current yield

of a bond.

END.