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Mu strame c mo resolver Bond prices and yields Assume that the Financial Management Corporation's $ 1 comma 0 0 0 - par - value

Mustrame cmo resolver
Bond prices and yieldsAssume that the Financial Management Corporation's $1 comma 000-par-value bond has a 6.800%coupon, matures on May15,2023, has a current price quote of 97.149 and a yield to maturity(YTM) of 7.445%. Given this information, answer the following questions:
a.What is 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.
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Part 1
a.The dollar price of the bond is $
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