Question: 2 . A $ 8 , 5 0 0 bond that carries a 3 . 0 0 % coupon rate payable semi - annually is

2.A $8,500 bond that carries a 3.00% coupon rate payable semi-annually is purchased 4 years before maturity when the yield rate was 4.50% compounded semi-annually.
a. Calculate the purchase price of the bond.
$
Round to the nearest cent
b. What is the amount of discount or premium on the bond?
amount is
Round to the nearest cent

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