Bond prices and yieldsAssume that the Financial Management Corporation's

$1,000-par-value

bond has a

5.900%

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

112.403

and a yield to maturity (YTM) of

5.597%.

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?

d.Compare the bond's current yield calculated in part b to its YTM and explain why they differ.

a.The dollar price of the bond is

$enter your response here.

(Round to the nearest cent.)