What is the dollar price of the bond is the bond selling


Bond prices and yields. Assume that the Financial Management? Corporation's $1,000-par value bond has a 5.600% coupon, matures on May 15, 2023, has a current price quote of 106.776 and a yield to maturity? (YTM) of 4.425%. Given this? information, answer the following? questions:

a. What is the dollar price of the? bond? (Round to the nearest cent)

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.

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