the following bond redeemed at par, in the table below, determine $($a$)$ the premium or discount and $($b$)$ the purchase price.Par ValueBond Rate Payable Semi$-$AnnuallyTime Before Maturity$6\mathrm{.}6\%11\mathrm{.}5$ years$$22,000$Yield Rate Compounded Semi$-$Annually$8\mathrm{.}8\%$