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Bond prices and yields Assume that the financial management corporation's $1,000 par value bond had a5.700%coupon matured on may 15, 2020 had a current price
Bond prices and yields Assume that the financial management corporation's $1,000 par value bond had a5.700%coupon matured on may 15, 2020 had a current price quote of 97.708, and had a yield to maturity (YTM) of 6.034 %. Given this information, answer the following questions: What was the dollar price of the bond? what was the bond's current yield? Is the bond selling at par, at a discount, or at a premium? why? Compare the bar current yields calculated in part b to its (YTM) and explain why they differ
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