Thomas purchased a $1,500 bond that was paying a coupon rate of 5.70% compounded semi-annually and had 6 more years to mature. The yield at the time of purchase was 6.40% compounded semi-annually. a. How much did Thomas pay for the bond? $0.00 Round to the nearest cent b. What was the premium or discount on the bond? amount was $ $0.00??? .

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