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Bond prices and yields Assume that the Financial Management Corporation's $1,000 par-value bond has a 6.600% coupon, matures on May 15. 2027, has a current

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Bond prices and yields Assume that the Financial Management Corporation's $1,000 par-value bond has a 6.600% coupon, matures on May 15. 2027, has a current price quote 97.629 and a yield to maturity (TM) of 7.091% Given this information, answer the following questions: What was the dollar price of the bond? b. What is the band's current yield? c. is the bond selling at par, at a discount, or at a premium? Why? d. Compare the band's current yield calculated in part to its YTM and explain why they differ - The dollar price of the bond is $. (Round to the nearest cont.) The bond's current yield is % (Round to two decimal places.) c. The bond is selling a because its price is the par value. (Select from the drop-down menus.) d. Compare the bond's current yield calculated in part b to its YTM and explain why they differ, The yield to maurity is than the current field because the former includes $23.11 in price between today and the May 15, 2027 bond maturity. (Select from the drop-down menus.)

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