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Business, 08.07.2019 20:30 isabelperez063

Bond prices and yields assume that the financial management corporation’s $1,000-par-value bond had a 5.700% coupon, matures on may 15, 2023, has a current price quote of 97.708, and has a yield to maturity (ytm) of 6.034%. given this information, 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 and explain why they differ.

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