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15.3 It is May 8. The quoted price of a 10% Treasury bond with a face value of 100 that pays coupons on April 1

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15.3 It is May 8. The quoted price of a 10% Treasury bond with a face value of 100 that pays coupons on April 1 and October 1 is 103. What is the cash price to the nearest cent? (Recall that Treasury bonds use the actual/actual day-count convention.) O $105.02 0 $103.00 O $101.99 O $104.01 $108.00

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