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.)