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Assume that the financial Management Corporations $1,000-par-value bond has a 5.500% coupon, matures May 15, 2023, has a current price quote of 93.833 and a

Assume that the financial Management Corporations $1,000-par-value bond has a 5.500% coupon, matures May 15, 2023, has a current price quote of 93.833 and a yield to maturity (YTM) of 6.417%. Given this information, answer the following questions: image text in transcribed
Homework: Module 5: Chapter 6 Score: 0.67 of 4 pts 3 of 10 (2 complete) Hw Score: 11.67%, 4.87 of 40 pts P6-11 (similar to) Bond prices and yields Assime that the Fina al Managment Cor ondon's $1,00 ue bond has a 5500% o upon, maturos on May 15,223,has a arrent pron quote of 9am3 and a yiod to mat its par a What is the dollar price of the bond? b. What is the bond's ourrent yiold e is the bond selling at par, at a disoount, or at a premium? Why d. Compare the bond's ourrent yield caloulated in part b to its YTM and explain why they differ a. The dollar prioe of the bond is $ 938.33.(Round to the nearest cnt) b. The bond's cument yield iRound to two decimal places) Enter your answer in the arswer box and then click Check Answer Clear All Check Answer remaining

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