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Henry is planning to purchase a Treasury bond with a coupon rate of 2.83% and face value of $100. The maturity date of the bond

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Henry is planning to purchase a Treasury bond with a coupon rate of 2.83% and face value of $100. The maturity date of the bond is 15 May 2033. (c) If Henry purchased this bond on 1 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 2.39% p.a. compounded half-yearly. Henry needs to pay 24.6% on coupon payment and capital gain as tax payment. Assume that all tax payments are paid immediately. Select one: a. 80.5543 b. 106.8039 c. 97.2988 d. 96.0113

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