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Score: 0.33 of 1 pt 2 of 5 (2 complete) HW Score: 38.89%, 2.3... %x P6-11 (similar to) Assigned Media 15 Question Help Bond prices

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Score: 0.33 of 1 pt 2 of 5 (2 complete) HW Score: 38.89%, 2.3... %x P6-11 (similar to) Assigned Media 15 Question Help Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 6.500% coupon, matures on May 15, 2027. has a current price quote of 94.538 and a yield to maturity (YTM) of 6.824%. 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 a. The dollar price of the bond is $ 945 38. (Round to the nearest cent.) b. The bond's current yield is 6.88% (Round to two decimal places.) because its price is the par value. (Select from the c. The bond is selling at drop-down menus.)

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