Question: A $27.000,4% bond redeemable at par with interest payable annually is bought 6.5 years before maturity. Determine the (a) 6% compounded annually: (b) 2% compounded

A $27.000,4% bond redeemable at par with interest payable annually is bought 6.5 years before maturity. Determine the (a) 6% compounded annually: (b) 2% compounded annually. (a) The (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) (b) The (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Determine the premium or discount and the purchase price of the bond if the bond is purchased to yield
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