A $28,000, 5% bond redeemable at par with interest payable annually is bought 12 years before maturity. Determine the premium or discount and the purchase price of the bond if the bond is purchased to yield (a) 6% compounded annually (b) 4% compounded annually. (a) The (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as peeded.) The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six docimal places as needed.) (b) The (Round the final answerto the nearest oent.as needed Round all intermediate values to six decimal places as needed.) The purchase price of the bond is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six docimal places as needed