Bond prices and yields Assume that the Financial Management Corporation's $$1,000-$par$-$value bond has a $7\mathrm{.}900\%$ coupon, matures on May $15,2027,$ has a current price quote of $96\mathrm{.}442$ and a yield to maturity $($YTM$)$ of $8\mathrm{.}793\%.$ 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.

a$.$ The dollar price of the bond is $$964\mathrm{.}42.($Round to the nearest cent.$)$

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