Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.900% coupon, matures on May 15, 2027, has a current price quote of 106.005 and a yield to maturity (YTM) of 5.467%. 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. Bond valuationSemiannual interest Find the value of a bond maturing in 9 years, with a $1,000 par value and a coupon interest rate of 14% (7% paid semiannually) if the required return on similar-risk bonds is 12% annual interest (6% paid semiannually). The present value of the bond is $ (Round to the nearest cent.)