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Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.500% 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 5.500% coupon, matures on May 15, 2027, has a current price quote of 93.261 and a yield to maturity (YTM) of 6.889%. 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

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