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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.
(a) 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.
a.
100.0605
b.
98.6121
c.
100.1011
d.
100.0589

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