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Bond prices and yields Assume that the Financial Management Corporation's $1,000 per value bond has a 7.400% coupon, matures on may 15, 2023, has a

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Bond prices and yields Assume that the Financial Management Corporation's $1,000 per value bond has a 7.400% coupon, matures on may 15, 2023, has a current price quote of 95.274 and a yield to maturity (YTM) of 8.463%. Given the information, answer the following questions: what is the dollar price of the bond? What is the bond's current yield? Is the bond selling at par, at a discount, or at a premium? Why? Compare the bond's current yield calculated in part b to its YTM and explain why they differ. The dollar price of the bond is $. (Round to the nearest cost.) The bond's current yield is %. (Round to two decimal places.) The bond is selling at because its price is the par value. (Select from the drop-down menus.) 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 $47.26 in price between today and the may 15, 2023 bond maturity. (Select from the drop-down menus.)

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