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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 =

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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 = 1.08% p.a. and a face value of $100. The maturity date of the bond is 15 May 2033. Ultimately Amira purchased this bond on 3 May 2018. What was her purchase price (rounded to four decimal places)? Assume a purchase yield of j2 = 1.54% p.a. a. $93.8122 b. $94.3520 c. $94.3527 d. $94.53 Clear my choice

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