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.

(a) Yang plans to purchase Jason's Treasury bond on 10 April 2018. What price will Yang pay (round to four decimal places)? Assume a yield of 3.43% p.a. compounded half-yearly.

a.

104.2278

b.

104.2258

c.

104.0657

d.

104.2765