Question: A $ 7 , 5 0 0 bond that carries a 3 . 5 0 % coupon rate payable semi - annually is purchased 8

A $7,500 bond that carries a 3.50% coupon rate payable semi-annually is purchased 8 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?
(click to select)
amount is

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