I would like to know how the PV of the coupon is further discounted from $15\mathrm{.}04\mathrm{.}2020$ to $4\mathrm{.}04\mathrm{.}2020$ Thanks

enry is planning to purchase a Treasury bond with a coupon rate of $2\mathrm{.}32\%$ and face value of $$100.$ The maturity date of the bond is $15$ March $2033.$

$($a$)$ If Henry purchased this bond on $4$ March $2020,$ what is his purchase price $($rounded to four decimal places$)?$ Assume a yield rate of $3\mathrm{.}24\%$ p$.$a$.$ compounded half$-$yearly.

Question $1$Answer

a$.$

$91\mathrm{.}6763$

b$.$

$91\mathrm{.}3722$

c$.$

$90\mathrm{.}2148$

d$.$

$91\mathrm{.}3737$