Twelve $3,000 bonds redeemable at par bearing 5% coupons payable semi-annually are sold eight years before maturity to yield 7% compounded annually. What is the premium or discount and the purchase price of the bonds? is (a) The (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The purchase price of the bonds is $0. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)