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.

(b) 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. Henry needs to pay 29.2% on coupon payment as tax payment and tax are paid immediately.

Select one:

a. 104.1182

b. 104.1165

c. 102.4509

d. 104.0491