A. A $15,000, 7.8% bond redeemable at par is purchased 11.5 years before maturity to yield 9.9% compounded semi-annually. If the bond interest is payable semi-annually, what is the purchase price of the bond? 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. A $1,000,000 issue of nine-year bonds redeemable at par offers 9% coupons payable semi-annually. What is the issue price of the bonds to yield 9.7% compounded annually?The issue 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.)

PLEASE ANSWER BOTH PARTS