A bond that has a face value of $3,500 and coupon rate of 2.60% payable semi-annually was redeemable on July 1, 2021.

Calculate the purchase price of the bond on February 10, 2015 when the yield was 3.10% compounded semi-annually. $0.00 Round to the nearest cent

Stephen purchased a $4,000 bond that was paying a coupon rate of 5.10% compounded semi-annually and had 4 more years to mature. The yield at the time of purchase was 4.70% compounded semi-annually.

a. How much did Stephen pay for the bond?

Round to the nearest cent

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

Round to the nearest cent