A $$4000,8\mathrm{.}4\%$ bond with semi$-$annual interest coupon redeemable at par in fifteen years is brought to yield $7\%$ compounded semi$-$annually. Determine the

i$)$ The purchase price

ii$)$ The premium or discount

$FV=$$

$b=$

$PMT=$$

$i=$

$n=$

Purchase Price $=$

Is it purchased on premium or at discour

Premium or Discount $=$$