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Jacob is planning to purchase a Treasury bond with a coupon rate of 2 . 9 % and face value of $ 1 0 0
Jacob is planning to purchase a Treasury bond with a coupon rate of and face value of $ The maturity date of the bond is March
c If Jacob purchased this bond on March what is his purchase price rounded to four decimal places Assume a yield rate of pa compounded halfyearly. Jacob needs to pay on coupon payment and capital gain as tax payment. Assume that all tax payments are paid immediately.
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