Bond prices and yieldsAssume that the Financial ManagementCorporation's $1,000-par-value bond has a 6.100 % coupon, matures on May15, 2023, has a current price quote of 96.391 and a yield to maturity(YTM) of 7.315%. Given thisinformation, answer the followingquestions:

a.What is the dollar price of thebond?

b.What is the bond's current yield?

c.Is the bond selling atpar, at adiscount, or at apremium? Why?

d.Compare thebond'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 nearestcent.)

b.The bond's current yield is_____%. (Round to two decimalplaces.)

c.The bond is selling at a discount / par/ a premium because its price is equal to/ greater than / less than the par value.(Select from thedrop-down menus.)

d.Compare thebond's current yield calculated in part b to its YTM and explain why they differ. The yield to maturity is higher/ lower than the current yield because the former includes $36.09 in price depreciation / appreciation between today and the May15, 2023 bond maturity.(Select from thedrop-down menus.)