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A $8,000 bond that carries a 3.50% coupon rate payable semi-annually is purchased 7 years before maturity when the yield rate was 4.50% compounded semi-annually.

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A $8,000 bond that carries a 3.50% coupon rate payable semi-annually is purchased 7 years before maturity when the yield rate was 4.50% compounded semi-annually. a. Calculate the purchase price of the bond. $ Round to the nearest cent b. What is the amount of discount or premium on the bond? (click to select) v amount is Round to the nearest cent A $2,000 bond that has a coupon rate of 4.70% payable semi-annually and maturity of 4 years was purchased when the yield was 3.30% compounded semi-annually. What was the book value of the bond after 6 payments? Round to the nearest cent

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