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P6-11 (similar to) Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond ha current price quote of 93.936 and a yield to

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P6-11 (similar to) Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond ha current price quote of 93.936 and a yield to maturity (YTM) of 8.509%. Given this information, answer the f 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 (similar to) Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond ha current price quote of 93.936 and a yield to maturity (YTM) of 8.509%. Given this information, answer the f 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

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