Valuation$1)$ Assume that the Financial Management Corporation$$s $$1,000-$par$-$valuebond had a $5\mathrm{.}700\%$ coupon, matures on May $15,2027,$ has a current pricequote of $97\mathrm{.}708,$ and has a yield to maturity $($YTM$)$ of $6\mathrm{.}034\%.$ Given thisinformation, 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 andexplain why they differ$\mathrm{.}2)$ Find the value of a bond maturing in $6$ years, with a $$1,000$ par value and acoupon rate of $10\%(5\%$ paid semiannually$)$ if the required return on similar$-$risk bonds is $14\%$ per year $(7\%$ paid semiannually$)$