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Henry is planning to purchase a Treasury bond with a coupon rate of 1.16% and face value of $100. The maturity date of the bond
Henry is planning to purchase a Treasury bond with a coupon rate of 1.16% and face value of $100. The maturity date of the bond is 15 May 2033. (c) If Henry purchased this bond on 4 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 4.52% p.a. compounded half-yearly. Henry needs to pay 23.3% on coupon payment and capital gain as tax payment. Assume that all tax payments are paid immediately. Select one: O a. 64.1514 O b. 55.8741 O c. 49.2244 O d. 55.3698
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