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For an upvote full working must be shown, and each step of the calculation must be correct. Then the final answer must be correct to the decimal place. An approximate answer is not acceptable.
Herry is planning to purchase a Treasury bond with a coupon rate of 2.38% and face value of $100. The maturity date of the bond is 15 March 2033.
(d) If Henry purchased this bond on 4 March 2020, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 3.3% p.a. compounded half-yearly. Henry needs to pay 27.8% on
coupon payment and capital gain as tax payment. Assume that all tax payments are delayed by half year.
a.91.4039
b.66.4308
c.80.8684
d.79.8170
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