1a) A bond that has a face value of $2,000 and coupon rate of 4.80% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10, 2015 when the yield was 5.05% compounded semi-annually.

___________Round to the nearest cent

1b)

A $5,500 bond that carries a 3.50% coupon rate payable semi-annually is purchased 7 years before maturity when the yield rate was 5.00% 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?

Choses:(Premium//Discount//Par)

amount is ____________Round to the nearest cent