Henry is planning to purchase a Treasury bond with a coupon rate of 4.71% and face value of $100. The maturity date of the bond is 15 May 2033.

(a) If Henry purchased this bond on 3 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 3.12% p.a. compounded half-yearly.

Select one:

a. 120.66

b. 121.1638

c. 121.1618

d. 118.8092

I need help. Thank you