An investor wishes to purchase with-dividend on 1st Sept 2009 50,000 nominal of a bond that is redeamable at 105% on any coupon payment date between 1st Aug 2012 and 1st Aug 2023. The bond pays coupons of 6.0% per annum at 4 monthly intervals with the first coupon payment received on 1st Jan 2010. The investor is subject to 15% income tax and 25% capital gains tax and aims to obtain a minimum net redemption yield of 8.5% per annum. Calculate, to 2 decimal places, the maximum price acceptable to the investor in order to realise the target yield. An investor wishes to purchase with-dividend on 1st Sept 2009 50,000 nominal of a bond that is redeamable at 105% on any coupon payment date between 1st Aug 2012 and 1st Aug 2023. The bond pays coupons of 6.0% per annum at 4 monthly intervals with the first coupon payment received on 1st Jan 2010. The investor is subject to 15% income tax and 25% capital gains tax and aims to obtain a minimum net redemption yield of 8.5% per annum. Calculate, to 2 decimal places, the maximum price acceptable to the investor in order to realise the target yield