Henry is planning to purchase a Treasury bond with a coupon rate of $2\mathrm{.}43\%$ and face value of $$100.$ The maturity date of the bond is $15$ March $2033.$

$($a$)$ If Henry purchased this bond on $3$ March $2020,$ what is his purchase price $($rounded to four decimal places$)?$ Assume a yield rate of $3\mathrm{.}32\%$ p$.$a$.$ compounded half$-$yearly.

Question $1$Answer

a$.$

$90\mathrm{.}5667$

b$.$

$92\mathrm{.}0701$

c$.$

$91\mathrm{.}7804$

d$.$

$91\mathrm{.}7788$