Yоu purchаse 15 cоrpоrаte bonds. Eаch bond has a $1,000 face value, a quoted price of 97.625, a 5.60% annual coupon rate paid semiannually, and six years remaining to maturity.a) Calculate the total purchase cost for the 15 bonds. Show the dollar price per bond as an intermediate calculation.b) Calculate the coupon payment received on each semiannual coupon date from all 15 bonds.c) Calculate the total principal repaid at maturity, assuming no default, and explain whether the bonds were purchased at a discount or a premium.