Jay purchased a Treasury bond with a coupon rate of $4\mathrm{.}49\%$ 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 $7$ January $2022.$ What was Jay's sale price $($rounded to four decimal places$)?$ Assume a yield of $3\mathrm{.}02\%$ p$.$a$.$ compounded half$-$yearly.

Question Answer

a$.$

$111\mathrm{.}6359$

b$.$

$110\mathrm{.}8412$

c$.$

$109\mathrm{.}1924$

d$.$

$108\mathrm{.}7396$