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Jason purchased a Treasury bond with a coupon rate of 3.9% and face value of $100. The maturity date of the bond is 15 April
Jason purchased a Treasury bond with a coupon rate of 3.9% and face value of $100. The maturity date of the bond is 15 April 2029. (b) In fact, Yang purchased Jason's bond on 7 February 2018. What was Yang's purchase price (rounded to four decimal places)? Assume a yield of 3.43% p.a. compounded half-yearly.
a. 105.3956
b. 105.5599
c. 105.5636
d. 103.6258
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