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Bonds prices and yields. Assume that the Financial Management Corporation's $1,000 par value bond has a 6.200% coupon, matures on May 15, 2023, has a
Bonds prices and yields. Assume that the Financial Management Corporation's $1,000 par value bond has a 6.200% coupon, matures on May 15, 2023, has a current price quote of 112 83 and a yield to maturity (YTM) of 5.329%. Given this information, answer the following questions. a. What is the dollar price of the bond? b. What is the bonds current yield? c. Is the bond selling at par, at a discount or at a premium? Why? d. Compare the bond's current yields calculation in part b to is YTM and explain why they differ. a. The dollar price of the bonds is $ (Round to the nearest cent)
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