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Iolanda purchased a Treasury bond with a coupon rate of 2.35% and face value of $100. The maturity date of the bond is 15 April
Iolanda purchased a Treasury bond with a coupon rate of 2.35% and face value of $100. The maturity date of the bond is 15 April 2029 . (b) In fact, Luciana purchased lolanda's bond on 13 February 2018. What was Luciana's purchase price (rounded to four decimal places)? Assume a yield of 3.66% p.a. compounded half-yearly. a. 88.8552 b. 88.8582 c. 89.2890 d. 87.6903
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