Jason purchased a Treasury bond with a coupon rate of 3.98% and face value of $100. The maturity date of the bond is 15 April 2028.

If Jason purchased this bond on 16 February 2018, what is the purchase price (rounded to four decimal places)? Assume a yield rate of 2.61% p.a. compounded half-yearly.

Select one:

a. 113.5097

b. 113.4910

c. 111.5280

d. 114.0105