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It is 2 0 1 8 and Charles is thinking about buying an Australian Treasury bond with a coupon rate of j 2 = 3
It is and Charles is thinking about buying an Australian
Treasury bond with a coupon rate of j pa and a
face value of $ The maturity date of the bond is May
If Charles purchased this bond on May what was his purchase price rounded to four decimal places
Assume a purchase yield of j pa
a $
b $
c $ d $
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