Iolanda is planning to purchase an Australian Treasury bond with a coupon rate (j2) of 3.81% and face value of $100. The maturity date of the bond is 15 May 2033. If Iolanda purchased this bond on 6 May 2018, what is her purchase price (rounded to four decimal places)? Assume a yield rate of 3.97% p.a. compounded half-yearly. Iolanda needs to pay 24.8% on coupon payment and capital gain as tax payment. Assume that all tax payments are paid immediately. a. 75.2089 b. 87.1870 c. 99.9796 d. 85.5279