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Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.900% ovupon, 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 5.900% ovupon, matures on May 15,2027 , has a current price quote of 111.719 and a yield to mahurity (YTM) of 4.578%. Glven this information, answer the following questions: a. What was the dollar price of the bond? b. What is the bond's cument yield? c. Is the bond selling at par, at a discount, or at a premium? Why? d. Compare the bond's current yield caleulated in part b to its YTM and explain why they diflec. a. The dolar price of the bond is (Round to the nearest cent.)

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