Kevin purchased a Treasury bond with a coupon rate of 4.07% and face value of $100. The maturity date of the bond is 15 April 2029. (a) Jay plans to purchase Kevin's Treasury bond on 9 April 2018. What price will Jay pay (rounded to four decimal places)? Assume a yield of 3.84% p.a. compounded half-yearly.

a.

101.9839

b.

101.9075

c.

102.0478

d.

101.9813