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Bond prices and yields. Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.300% coupon, matures on May 15,2027 , has a current price

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Bond prices and yields. Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.300% coupon, matures on May 15,2027 , has a current price quote of 97 . Tr5 and a yieid so matunty (VTM) of 6.377K. Given this information, answer the following questions: a. What was the doillar price of the bond? b. What is the bone's current yield? c. Is the bond seling at par, at a discount, or at a premium? Why? d. Compare the bond's current yield calculated in part b to its ' TM and explain why they dree: a. The dollar price of the bond is 3 (Round to the nearest cent.) b. The bond's current yieid is \%. (Round to two decimar places.) c. The bond is selling at because its price is the par value. (Select from the drop-down menus.) d. Compare the bonds current yield calculated in part b to its YTM and explain why they difler. The yield to maturity is than the current yieid because the former includes $22.25 in price between loday and the Moy 15, 2027 bond maturfy. (Seiect trem ine dropdown manus.)

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