Twenty $4,000 bonds redeemable at par bearing 10% coupons payable annually are sold eight years before maturity to yield 8.8% compounded semi-annually. 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.) (b) The purchase price of the bonds is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)