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Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 7.500% coupon, matures on May 15 , 2027, has a cultont

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Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 7.500% coupon, matures on May 15 , 2027, has a cultont pince quote of 111.854 and a yield to maturity (YTM) of 6.527\%. 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 yeld calculated in part b to iss YTM and explain why they diffet. a. The dollar price of the bond is $ (Round to the nearest cent) b. The bonds currem yield is 1. (Round to two decimal places) c. The bond is seling at because its price is the par value. (Select from the drop-down menus) d. Compare the bond's current yield calculated in part b to its YTM and explain why they differ. The yield to maturity is than the current yield because the former includes $118.54 in price between today and the May 15,2027 bond maturity. (Select trom the drop-down menus.)

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