Question 3 (5 points) A $8,000 bond paying interest at 5% compounded semi-annually is redeemable on Sept. 1, 2026. The bond is purchased on December 8, 2014 to yield 7% compounded semi-annually. Calculate the purchase price. Paragraph BIU IMI IWI III! ... Purchase Date: Redemption Date: Interest Date immediately BEFORE purchase date: Interest Date immediately AFTER purchase date: Paragraph & PMT Setting N 1/Y P/Y C/Y PV PMT FV