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Amira is contemplating investing in an Australian Treasury bond. It is 2018 , and the bond she is considering has a coupon rate of j2=3.17%

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Amira is contemplating investing in an Australian Treasury bond. It is 2018 , and the bond she is considering has a coupon rate of j2=3.17% p.a. and a face value of $100. The maturity date of the bond is 15 May 2033. Ultimately Amira purchased this bond on 5 May 2018. What was her purchase price (rounded to four decimal places)? Assume a purchase yield of j2=4.48% p.a. a. $87.2829 b. $87.62 c. $85.6981 d. $87.2812 Amira is contemplating investing in an Australian Treasury bond. It is 2018 , and the bond she is considering has a coupon rate of j2=3.17% p.a. and a face value of $100. The maturity date of the bond is 15 May 2033. Ultimately Amira purchased this bond on 5 May 2018. What was her purchase price (rounded to four decimal places)? Assume a purchase yield of j2=4.48% p.a. a. $87.2829 b. $87.62 c. $85.6981 d. $87.2812

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