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15.4 It is May 12. The quoted price of a 9% Treasury bond with a face value of 100 that pays coupons on April 1

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15.4 It is May 12. The quoted price of a 9% Treasury bond with a face value of 100 that pays coupons on April 1 and October 1 is 102. What is the cash price to the nearest cent? (Recall that Treasury bonds use the actual/actual day-count convention.) $104.02 $102.00 $100.99 $106.50 $103.01

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