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Juan purchased a $3,000 bond that was paying a coupon rate of 5.20% compounded semiannually and had 4 more years to mature. The yield at

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Juan purchased a $3,000 bond that was paying a coupon rate of 5.20% compounded semiannually and had 4 more years to mature. The yield at the time of purchase was 6.50% compounded semi-annually. a. How much did Juan 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 Round to the nearest cent b. What was the amount of premium or discount on the bond? amount was

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