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Question Help Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.900% coupon, matures on May 15, 2027 has a

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Question Help Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.900% coupon, matures on May 15, 2027 has a current price quote of 96.501 and a yield to maturity (YTM) of 6.767%. Given this information, answer the following questions: a. What was the dollar price of the bond? b. What is the band'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. a. The dollar price of the bond is $. (Round to the nearest cent.) b. The bond's current yield is []%. (Round to two decimal places.) e. The bond is selling at because its price is the par value. (Select from the drop-down menus.) d. Compare the bond's current yield calculated in part b to its YTM and explain why they differ. The yield to maturity is than the current yield because the former includes $34.99 in price between today and the May 15, 2027 bond maturity (Select from the drop-down menus.) Question Help Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.900% coupon, matures on May 15, 2027 has a current price quote of 96.501 and a yield to maturity (YTM) of 6.767%. Given this information, answer the following questions: a. What was the dollar price of the bond? b. What is the band'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. a. The dollar price of the bond is $. (Round to the nearest cent.) b. The bond's current yield is []%. (Round to two decimal places.) e. The bond is selling at because its price is the par value. (Select from the drop-down menus.) d. Compare the bond's current yield calculated in part b to its YTM and explain why they differ. The yield to maturity is than the current yield because the former includes $34.99 in price between today and the May 15, 2027 bond maturity (Select from the drop-down menus.)

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