Assume that the Financial Management Corporation's $1000
par-value bond has a 7.400% coupon, matures on May 15, 2027, has
a current price quote of 110.636 and a yield to maturity (YTM) of
6.934%. 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...