3. A $120,000 bond bearing coupon interest at 9.2% payable semi-annually is redeemable at par in 15 years. a) What is the purchase price of the bond if it is bought to yield 8.2% compounded semi-annually? Show a Timeline Show PMT Calculation: End/Beg P/Y C/Y N I/Y PV PMT FV b) Is the bond being sold at a discount or premium? Briefly explain why. c) What is the amount of the discount or premium? 3. A $120,000 bond bearing coupon interest at 9.2% payable semi-annually is redeemable at par in 15 years. a) What is the purchase price of the bond if it is bought to yield 8.2% compounded semi-annually? Show a Timeline Show PMT Calculation: End/Beg P/Y C/Y N I/Y PV PMT FV b) Is the bond being sold at a discount or premium? Briefly explain why. c) What is the amount of the discount or premium