drop down options for c: a discount, par, a premium & greater than, equal to, less than

drop down options for d: lower, higher & appreciation, depreciation

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, 2027, has a current price quote of 106.916 and a yield to maturity (YTM) of 6.317%. 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. a. The dollar price of the bond is $). (Round to the nearest cent.) b. The bond's current yield is 3%. (Round to two decimal places.) c. The bond is selling at because its price is the par value. (Select from the drop-down menus.) d. Compare the bond's current yield calculated in part b to its YTM and explain why they differ between today and the May 15, 2027 bond maturity The yield to maturity is than the current yield because the former includes $69.16 in price (Select from the drop-down menus.)