A

$170,000

issue of

five-year

bonds redeemable at

par

offers

9.57%

coupons payable

annually.

What is the premium or discount and the purchase price of the bonds to yield

6.1%

compounded semi-annually?

Question content area bottom

Part 1

(a) The

discount

premium

is

$enter your response here.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Part 2

(b) The purchase price of the bond is

$enter your response here.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Determine the purchase price at the indicated time before mainly of the following bodd at parantie Par Value Bond Rate Payable Semi Annual Time Before Maturity $7.000 55 Yuld Rate 6754 Conversion Period s-au The purchase price of the bond is (Round the final answer to the nearest centas nodod. Round all moves to decimal places anded)