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1 . Amber purchased a $ 4 , 0 0 0 bond that was paying a coupon rate of 5 . 7 0 % compounded

1.Amber purchased a $4,000 bond that was paying a coupon rate of 5.70% compounded semi-annually and had 4 more years to mature. The yield at the time of purchase was 4.20% compounded semi-annually.
a. How much did Amber pay for the bond?
Round to the nearest cent
b. What was the amount of premium or discount on the bond?
amount was
Round to the nearest cent

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