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Jay purchased a Treasury bond with a coupon rate of 3.85% and face value of $100. The maturity date of the bond is 15 March

Jay purchased a Treasury bond with a coupon rate of 3.85% and face value of $100. The maturity date of the bond is 15 March 2029.

Yuri plans to purchase Jay's Treasury bond on 9 September 2021. What price will Yuri pay (round to four decimal places)? Assume a yield of 3.09% p.a. compounded half-yearly. Round your answer to four decimal places.

a. 105.0006

b. 105.2951

c. 104.9979

d. 106.9246

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