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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.
(b) 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 as tax payment and tax are paid immediately.
a.
91.0844
b.
90.0372
c.
91.3968
d.
91.0829

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