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Henry is planning to purchase a Treasury bond with a coupon rate of 3.13% and face value of $100. The maturity date of the bond
Henry is planning to purchase a Treasury bond with a coupon rate of 3.13% and face value of $100. The maturity date of the bond is 15 May 2033. (C) If Henry purchased this bond on 3 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 4.88% p.a. compounded half-yearly. Henry needs to pay 22.1% on coupon payment and capital gain as tax payment. Assume that all tax payments are paid immediately. Select one: a. 82.9333 O b. 72.3834 c. 71.0203 O d. 64.6343 Henry is planning to purchase a Treasury bond with a coupon rate of 3.13% and face value of $100. The maturity date of the bond is 15 May 2033. (C) If Henry purchased this bond on 3 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 4.88% p.a. compounded half-yearly. Henry needs to pay 22.1% on coupon payment and capital gain as tax payment. Assume that all tax payments are paid immediately. Select one: a. 82.9333 O b. 72.3834 c. 71.0203 O d. 64.6343
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