Henry is planning to purchase a Treasury bond with a coupon rate of 1.73% and face value of $100. The maturity date of the bond is 15 May 2033.

(a) If Henry purchased this bond on 6 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 1.64% p.a. compounded half-yearly.

Select one:

a. 101.1514

b. 102.0160

c. 102.0167

d. 101.98