Bond prices and yields$$Assume that the Financial Management$$ Corporation's

$$$$1$ comma $0001,000-$par$-$value

bond has a

$6\mathrm{.}700\%6\mathrm{.}700\%$

$$coupon$,$ matures on May$15,2027,$ has a current price quote of

$107\mathrm{.}644107\mathrm{.}644$

and a yield to maturity$($YTM$)$ of

$5\mathrm{.}742\%5\mathrm{.}742\%.$

Given this$$ information, answer the following$$ questions:

a$.$What was the dollar price of the$$ bond?

b$.$What is the $$bond$\text{'}$s current$$ 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.