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Bond prices and yields assume that the financial management

Question: Bond prices and yields Assume that the Financial Management Corporation's $1, 000-par-value bond has a 7.200 % coupon, matures on May 15, 2023, has a current price quote of 97.566 and a yield to maturity (YTM) of 8.021 %. Given this information, answer the following? questions:

a. What is 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 $______?(Round to the nearest? cent.)

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