Twelve $1,000 bonds redeemable at par bearing 7% coupons payable semi-annually are sold six years before maturity to yield 9.6% compounded quarterly. What is the premium or discount and the purchase price of the bonds?

Twelve $1,000 bonds redeemable at par bearing 7% coupons payable semi-annually are sold six years before maturity to yield 9.6% compounded quarterly. What is the premium or discount and the purchase price of the bonds? (a) The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)