A $2,000,000 issue of 25-year bond redeemable at par offers 3.3% coupons payable semi-annually. To find the purchase price of the bond to yield 3.1% compounded quarterly, you need to answer the following questions and choose the closest answer from the possible choices following each question:

What is the market yield of the bond? (Express in percentage with four decimal places i.e., .0001%)	Answer 1Choose...$216,658.910.7750%$6,9140,816.98a premium$924,164.571.5560%$2,082,739.33$1,460,005.90$2,064,988.05$2,000,000$33,0003.3000%$2,640,467.311.6500%3.1000%at parNone of thesea discount
What is the coupon rate (or bond rate) of the bond? (Express in percentage with four decimal places i.e., .0001%)	Answer 2Choose...$216,658.910.7750%$6,9140,816.98a premium$924,164.571.5560%$2,082,739.33$1,460,005.90$2,064,988.05$2,000,000$33,0003.3000%$2,640,467.311.6500%3.1000%at parNone of thesea discount
Which rate over each payment interval do you use for calculating the purchase price manually using the formula approach? (Express in percentage with four decimal places i.e., .0001%)	Answer 3Choose...$216,658.910.7750%$6,9140,816.98a premium$924,164.571.5560%$2,082,739.33$1,460,005.90$2,064,988.05$2,000,000$33,0003.3000%$2,640,467.311.6500%3.1000%at parNone of thesea discount
What is the purchase price of the bond?	Answer 4Choose...$216,658.910.7750%$6,9140,816.98a premium$924,164.571.5560%$2,082,739.33$1,460,005.90$2,064,988.05$2,000,000$33,0003.3000%$2,640,467.311.6500%3.1000%at parNone of thesea discount
This is a bond selling at ______ (choose from "par," "a premium," or "a discount")