Henry is planning to purchase a Treasury bond with a coupon rate of 3.02% and face value of $100. The maturity date of the bond is 15 May 2033. (b) If Henry purchased this bond on 3 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 2.39% p.a. compounded half-yearly. Henry needs to pay 21.8% on coupon payment as tax payment and tax are paid immediately.

Select one:

a. 100.7470

b. 100.7556

c. 99.5658

d. 100.7457