Question: Martha purchased a $ 1 , 2 0 0 bond on November 1 9 , 2 0 2 5 when the yield - to -

Martha purchased a $1,200 bond on November 19,2025 when the yield-to-maturity was 6.85% compounded semi-annually. The bond had a coupon rate of 7.35% and was redeemable on December 31,2029.
Please include a well-labelled timeline diagram.
a. What was the purchase price of the bond?
Round to the nearest cent.
b. What was the amount of discount or premium on the bond?

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