Henry is planning to purchase a Treasury bond with a coupon rate of 3.22% and face value of $100. The maturity date of the bond is 15 May 2033.

(c) If Henry purchased this bond on 5 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 1.09% p.a. compounded half-yearly. Henry needs to pay 23.2% on coupon payment and capital gain as tax payment. Assume that all tax payments are paid immediately.

Select one:

a. 100.5863

b. 130.9599

c. 125.2686

d. 123.7292