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please help !!!! 5. Assume that the Financial Management Corporation's $1,000-par-value bond had a 6.90% coupon, matured on May 15,2020 , had a current price
please help !!!!
5. Assume that the Financial Management Corporation's $1,000-par-value bond had a 6.90% coupon, matured on May 15,2020 , had a current price quote of 103.25, and had a yield to maturity (YTM) of 6.15%. 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 Step by Step Solution
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