Amira is contemplating investing in an Australian Treasury bond. It is 2018, and the bond she is considering has a coupon rate of j₂ = 3.22% 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 = 1.09% p.a.

a.

$130.9724

b.

$130.9718

c.

$129.3623

d.

$130.07