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Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.600% coupon, matures on May 15, 2027, has a current price quote of 111.418 and

Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.600% coupon, matures on May 15, 2027, has a current price quote of 111.418 and a yield to maturity (YTM) of 4.819%. Given this information, 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.

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