Question: A $ 2 5 0 comma 0 0 0 issue of seven - year bonds redeemable at par offers 8 . 8 6 % coupons

A $250 comma 000 issue of seven-year bonds redeemable at par offers 8.86% coupons payable quarterly. What is the premium or discount and the purchase price of the bonds to yield 8.3% compounded semi dash annually question mark
Question content area bottom
Part 1
(a) The
premium
discount
is $
enter your response here.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Part 2
(b) The purchase price of the bond is $
enter your response here.

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