CMG 332 Class Exercise Calculating the Bond Premium Given the Data Below Calculate the Bond Premiurn for the Project 1. The total contract price for the construction of a building = $3, 659,000 2 The Surely establishes the rates for bond as follows The first $100,000 is assessed $30 per $1,000 The next $500,000 is assessed $20 per $1,000 The next $1.500 000 is assessed 512 per $1,000 The next $1,500,000 is assessed $10 per $1,000 Above $3.6 million up to $5 million is assessed $7 50 per $1,000 The bond premium