A bond that has a face value of $4,000 and coupon rate of 3.60% payable semi-annually was redeemable on July 1 , 2021. Calculate the purchase price of the bond on February 10 , 2015 when the yield was 3.85% compounded semi-annually. Round to the nearest cent Question 3 of 4 Meghan purchased a $1,500 bond that was paying a coupon rate of 5.50% compounded semi-annually and had 5 more years to mature. The yield at the time of purchase was 4.50% compounded semi-annually. a. How much did Meghan pay for the bond? Round to the nearest cent b. What was the amount of premium or discount on the bond? amount was Round to the nearest cent