A $$275,000$ face value Province of British Columbia bond carrying a $10\mathrm{.}6\%$ coupon is issued on September $5,1990,$ with $30$ years until maturity. The bond is purchased on March $5,2002,$ when posted rates are $5\mathrm{.}98\%.$ Calculate the purchase price of the bond. What is the amount of its premium or discount?