Jay purchased a Treasury bond with a coupon rate of $2\mathrm{.}08\%$ 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 $10$ January $2022.$ What was Jay's sale price $($rounded to four decimal places$)?$ Assume a yield of $3\mathrm{.}07\%$ p$.$a$.$ compounded half$-$yearly.

Question $6$ Answer

a$.$

$93\mathrm{.}3026$

b$.$

$93\mathrm{.}9453$

c$.$

$92\mathrm{.}9108$

d$.$

$94\mathrm{.}3370$