9.A $10,000, 6.2% bond with quarterly coupons redeemable at par is purchased 9 years before maturity to yield 6% compounded quarterly. Determine the premium or discount.

Select one:

a. $137.54

b. $530.86

c. $144.88

d. $138.30

e. $469.14

10. What is the current price of a bond that has 8 years until maturity? The face value of the bond is $10,000 and has a coupon rate of 8.61% compounded semi-annually and a yield rate of 8.6% compounded semi-annually.

Select one:

a. $10,290.24

b. $9,398.24

c. $9,715.03

d. $10,289.42

e. $9,598.24