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Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 7.200% 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 7.200% coupon, matures on May 15, 2027, has a current price quote of 94.546 and a yield to maturity (YTM) of 8.394%. 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 $| (Round to the nearest cent.)

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