Jason purchased a Treasury bond with a coupon rate of 3.46% and face value of $100. The maturity date of the bond is 15 April 2029.

(a) If Yang purchased this bond on 12 April 2018, what is the purchase price (rounded to four decimal places)? Assume a yield rate of 4.33% p.a. compounded half-yearly.

Select one:

a. 92.4162

b. 92.4501

c. 92.4175

d. 92.6886

ii)

Jason purchased a Treasury bond with a coupon rate of 3.46% and face value of $100. The maturity date of the bond is 15 April 2029.

(b) If Yang purchased this bond on 4 February 2018, what is the purchase price (rounded to four decimal places)? Assume a yield rate of 4.33% p.a. compounded half-yearly.

Select one:

a. 93.4075

b. 93.6682

c. 91.6916

d. 93.4032

WHAT DO YOU MEAN (dirty price???)