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Collin bought a Treasury bond with a coupon rate of j 2 =9.51% p.a. and face value of $100. The bond will mature on 15

Collin bought a Treasury bond with a coupon rate of j2=9.51% p.a. and face value of $100. The bond will mature on 15 April 2028.

If Collin purchased the bond on 15 February 2018, what was its purchase price (rounded to four decimal places)? Assume a yield of 1.13% p.a., compounded half-yearly.

a.

183.4477

b.

178.7013

c.

187.1497

d.

183.4343

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