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Question 5 (7 points) Saved A $3,700 bond pays interest at 3% compounded semi-annually. The bond is redeemable in 1 year 6 months, and is

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Question 5 (7 points) Saved A $3,700 bond pays interest at 3% compounded semi-annually. The bond is redeemable in 1 year 6 months, and is purchased to yield 4%. 1. Find the purchase price of the bond. 2. Calculate the premium or discount. 3. Construct the appropriate bond schedule, including the totals. D OO - Paragraph BI U - 1. Find the purchase price of the bond. PMT Setting

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