2. Now Defunct Co., Inc. issued $6,500,000 of 4.25% bonds on July 1 that will pay interest semiannually on January 1 and July 1 and mature in 9 years. Assume that the market rate of interest is 4.15% per year. i) Using the 2 Step Method compute the selling price of the bonds ii) Are the bonds sold at a discount or premium? how can you tell? iii) What is the premium or discount