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Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 7.700% 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 7.700% coupon, matures on May 15, 2027, has a current price quote of 106174 and a yield to maturity YTM of 7.096%. 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. a. The dollar price of the bond is S(Round to the nearest cent) b. The bond's current yield is | %. (Round to two decimal places.) c. The bond is selling at d. Compare the bond's current yield calculated in part b to its YTM and explain why they differ. because its price is V the par value. (Select from the drop-down menus.) The yield to maturity is (Select from the drop-down menus.) Vthan the current yield because the former includes $61.74 in price between today and the May 15, 2027 bond maturity

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