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Henry is planning to purchase a Treasury bond with a coupon rate of 1.03% 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 1.03% and face value of $100. The maturity date of the bond is 15 May 2033. (a) If Henry purchased this bond on 4 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 1.23% p.a. compounded half-yearly. Select one: a. 97.2319 b. 97.83 c. 97.7467 d. 97.7473

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