answer the following questions:

a$.$ What was the dollar price of the bond?

b$.$ What is the bond's current yield?

c$.$ Is the bond selling at par, at a discount, or at a premium? Why?

d$.$ Compare the bond's current yield calculated in part $b$ to its YTM and explain why they differ.

a$.$ The dollar price of the bond is $$,($Round to the nearest cent.$)$

b$.$ The bond's current yield is $\%.($Round to two decimal places.$)$

c$.$ The bond is selling at because its price is the par value. $($Select from the drop$-$down menus.$)$

d$.$ Compare the bond's current yield calculated in part $b$ to its YTM and explain why they differ.

The yield to maturity is

than the current yield because the former includes $$135\mathrm{.}85$ in price

between today and the May $15,2027$ bond maturity. $($Select from the drop$-$down menus.$)$