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Herry is planning to purchase a Treasury bond with a coupon rate of 2 . 6 7 % and face value of $ 1 0

Herry is planning to purchase a Treasury bond with a coupon rate of 2.67% and face value of $100. The maturity date of the
bond is 15 March 2033.
(d) If Henry purchased this bond on 7 March 2020, what is his purchase price (rounded to four decimal places)? Assume a
yield rate of 3.45% p.a. compounded half-yearly. Henry needs to pay 26.5% on coupon payment and capital gain as tax
payment. Assume that all tax payments are delayed by half year.
a.68.8832
b.93.1245
c.82.6798
d.81.4957
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