Question: I need help with this problem please indicate your full solution. Thank you. A $7,000 bond that carries a 3.00% coupon rate payable semi-annually is

$you. A \$7,000 bond that carries a 3.00% coupon rate payable semi-annually$ I need help with this problem please indicate your full solution. Thank you.

A \$7,000 bond that carries a 3.00% coupon rate payable semi-annually is purchased 5 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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