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Henry is planning to purchase a Treasury bond with a coupon rate of 2.41% and face value of $100. The maturity date of the bond
Henry is planning to purchase a Treasury bond with a coupon rate of 2.41% and face value of $100. The maturity date of the bond is 15 May 2033 (b) If Henry purchased this bond on 6 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 2.55% p.a. compounded half-yearly. Henry needs to pay 22.1% on coupon payment as tax payment and tax are paid immediately. Select one: a. 92.7700 b. 92.5402 c. 92.5411 d. 91.6021
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