Henry is planning to purchase a Treasury bond with a coupon rate of 2.22% and face value of $100. The maturity date of the bond is 15 May 2033.

(a)If Henry purchased this bond on 4 May 2018,what is his purchase price (roundedto four decimal places)?Assume a yield rate of 1.84% p.a. compounded half-yearly.

Select one:

a.105.87

b.104.9028

c.106.0132

d.106.0122

(b)If Henry purchased this bond on 4 May 2018,what is his purchase price (roundedto four decimal places)?Assume a yield rate of 1.84% p.a. compounded half-yearly. Henry needs to pay 28.3% on coupon payment as tax payment and tax are paid immediately.

Select one:

a.97.5946

b.96.7049

c.97.5003

d.97.5012

(c)If Henry purchased this bond on 4 May 2018,what is his purchase price (roundedto four decimal places)?Assume a yield rate of 1.84% p.a. compounded half-yearly. Henry needs to pay 28.3% on coupon payment and capital gain as tax payment. Assume that all tax payments are paid immediately.

Select one:

a.96.8161

b.105.9890

c.95.8030

d.76.0108