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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 2.9% and face value of $100. The maturity date of the bond is 15 March 2033.
(c) If Jacob purchased this bond on 2 March 2020, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 3.02% p.a. compounded half-yearly. Jacob needs to pay 27.7% on coupon payment and capital gain as tax payment. Assume that all tax payments are paid immediately.
a.
87.7395
b.
89.0282
c.
72.3437
d.
100.0195

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