A $$8,500,000$ issue of a $30-$year bond, redeemable at par, offers $5\mathrm{.}50\%$ coupons payable

quarterly. The bond yields $9\mathrm{.}00\%$ compounded monthly.

a$.$ What was the purchase price of the bond, if it was purchased $15$ years before

maturity?

Round to the nearest cent

b$.$ What was the amount of discount or premium on the bond?

amount is

Round to the nearest cent