A $270,000 issue of five-year bonds redeemable at par offers 8.71% coupons payable quarterly. What is the premium or discount and the purchase price of the bonds to yield 8.7% compounded semi-annually? (a) The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)