Calculate the premium or discount on the sale of a $$1,000$ bond that is redeemable at $103$ on June $1,2020$ if it is sold to yield $10\mathrm{.}5\%$ annually. The coupons are payable semi$-$annually at a rate of $13\%,$ and the date of the sale is December $1,2017.(5$ marks$)$

$FV=$$$1,000,$