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Herry is planning to purchase a Treasury bond with a coupon rate of 2.77% and face value of $100. The maturity date of the bond
Herry is planning to purchase a Treasury bond with a coupon rate of 2.77% and face value of $100. The maturity date of the bond is 15 March 2033. (d) If Henry purchased this bond on 5 March 2020, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 3.24% p.a. compounded half-yearly. Henry needs to pay 25.9% on coupon payment and capital gain as tax payment. Assume that all tax payments are delayed by half year. O a. 85.0139 O b. 71.7900 O c. 86.2527 O d. 96.3166
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