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need answers to parts a-d Bond prices and ylelds. Assume that...

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Finance

need answers to parts a-d
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Bond prices and ylelds. Assume that the Financial Management Corporation's $1,000-par-value bond has a 5,400% coupon, mahures on May 15,2027 , has a current price quote of 95 971 and a yeld to maturiay (YTM) of 6.396%. Given this infomation, answor the following questions: a. What was the dollar price of the bond? b. What is the bond's curtent yield? c. Is the bond seling at par, at a discount, or at a premiam? Why? d. Compare the bonds current yield calculated in part b to its YTM and explain why they differ, a. The collar price of the bond is: (Round to the nearest cent.)

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