A $ 20,000, 7% bond payable semi-annually is purchased eight years before maturity. Calculate the purchase price and discount on the bond if the quoted price on the date of purchase was 92.5. a) Purchase Price = $ 20,000 Discount = $ 1,400 b) Purchase Price = $ 18, 600 Discount = $ 1,400 c) Purchase Price = $ 18, 500 Discount = $ 1,500 d) Purchase Price = $ 19,907.5 Discount = $ 92.5 Select one: b.b c. a d. d