P6-11 Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond had a 5.700% coupon, matures on May 15, 2027, has a cur- rent price quote of 97.708, and has a yield to maturity (YTM) of 6.034%. 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. P6-11 Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond had a 5.700% coupon, matures on May 15, 2027, has a cur- rent price quote of 97.708, and has a yield to maturity (YTM) of 6.034%. 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