Jay purchased a Treasury bond with a coupon rate of $3\mathrm{.}78\%$ and face value of $$100.$ The maturity date of the bond is $15$ March $2029.$

$($a$)$ Yuri plans to purchase Jay's Treasury bond on $11$ September $2021.$ What price will Yuri pay $($round to four decimal places$)?$ Assume a yield of $3\mathrm{.}57\%$ p$.$a$.$ compounded half$-$yearly. Round your answer to four decimal places.

Question $5$ Answer

a$.$

$101\mathrm{.}3301$

b$.$

$101\mathrm{.}6592$

c$.$

$101\mathrm{.}3321$

d$.$

$103\mathrm{.}4514$

Jay purchased a Treasury bond with a coupon rate of $3\mathrm{.}78\%$ and face value of $$100.$ The maturity date of the bond is $15$ March $2029.$

$($b$)$ In fact, Yuri changes his plan and Jay plans to sell this bond on $8$ January $2022.$ What was Jay's sale price $($rounded to four decimal places$)?$ Assume a yield of $3\mathrm{.}57\%$ p$.$a$.$ compounded half$-$yearly.

Question $6$ Answer

a$.$

$102\mathrm{.}5171$

b$.$

$100\mathrm{.}7192$

c$.$

$100\mathrm{.}7702$

d$.$

$102\mathrm{.}8081$