An investor bought a $7,000 bond with a coupon rate of 6% compounded semi- annually. At the time of purchase, the bond had a yield rate of 4.1% and eight years until maturity. Four years later, the investor sold the bond when the yield to maturity was 5.4%. a. At what price did the investor purchase the bond? $0.00 Round to the nearest cent b. At what price did the investor sell the bond? $0.00 Round to the nearest cent Lionel started a fund that would pay out $4,700.00 every month in perpetuity. The fund earns 4.44% compounded monthly. Answer the following questions, rounding your answers to two decimal places. a. How much money would be required to set up this fund? $ $0.00 Round to the nearest cent b. How much less money is required to set up the fund than if the money was earning 4.44% compounded semi-annually? $ $0.00 Round to the nearest cent