Jason purchased a Treasury bond with a coupon rate of 4.35% and face value of $100. The maturity date of the bond is 15 April 2029. (b) If Yang purchased this bond on 15 February 2018, what is the purchase price (rounded to four decimal places)? Assume a yield rate of 3.74% p.a. compounded half-yearly.

Jason purchased a Treasury bond with a coupon rate of 4.35% and face value of $100. The maturity date of the bond is 15 April 2029. (b) If Yang purchased this bond on 15 February 2018, what is the purchase price (rounded to four decimal places)? Assume a yield rate of 3.74% p.a. compounded half-yearly. Select one: a. 106.9868 b. 104.8284 c. 106.9904 O d. 106.7816