Question: Vincent purchased a $ 3 , 5 0 0 bond that was paying a 5 . 5 0 % coupon rate and had 4 more

Vincent purchased a $3,500 bond that was paying a 5.50% coupon rate and had 4 more years to mature. The yield at the time of purchase was 4.20% compounded semi-annually.
a. How much did Vincent pay for the bond?
Round to the nearest cent
b. What was the amount of premium or discount on the bond?

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