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??Assume that the Financial Management? Corporation's ?$1 comma 000?-par-value bond has a 5.900 % ?coupon, matures on May? 15, 2020, has a current price quote
??Assume that the Financial Management? Corporation's ?$1 comma 000?-par-value bond has a 5.900 % ?coupon, matures on May? 15, 2020, has a current price quote of 94.968 and a yield to maturity? (YTM) of 6.367 %. Given this? information, answer the following? questions:
a.??What is 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.
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