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Henry is planning to purchase a Treasury bond with a coupon rate of 2.38% and face value of $100. The maturity date of the
Henry 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. (a) 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. a. 90.2491 O b. 91.4364 O c. 91.4379 d. 91.7382
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