13. A $5000, 6.5% bond with semi-annual interest coupons redeemable at par in 10 years is bought to yield 5% compounded semi-annually. Determine: (i) the premium or discount (ii) the purchase price 14. What are the key features and unique benefits of preferred shares from the point of view of both the issue and the investor? 15. Find the future value of $6000 invested at 7.5 % compounded quarterly for 9 years