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A $29.000 bond with interest at 5.5% payable semi-annually and redeemable at par is bought two years before maturity to yield 8% compounded semi-annually. Compute

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A $29.000 bond with interest at 5.5% payable semi-annually and redeemable at par is bought two years before maturity to yield 8% compounded semi-annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule. The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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