Q2

A $7,000 bond that carries a 3.50% coupon rate payable semi-annually is purchased 7 years before maturity when the yield rate was 5.00% compounded semi-annually. a. Calculate the purchase price of the bond. $ Round to the nearest cent Round to the nearest cent b. What is the amount of discount or premium on the bond? amount is Round to the nearest cent Question 2 of 7 $ $5,767.59 Round to the nearest cent b. What is the amount of discount or premium on the bond? amount is