A $30,000, 8% bond redeemable at par with interest payable annually is bought 9 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) 10% compounded annually. (a) The (1) is s (Round the final answer to the nearest cent 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 decimal places as needed.) (b) The (2) is s (Round the final answer to the nearest cent needed. Round all intermediate values to six decimal places as 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.) (1) O premium O discount (2) O premium O discount