On Tuesday 15 August 2017 a bond dealer agreed to buy a 5.2% Australian Treasury bond maturing on 21 August 2022, at a yield-to-maturity of 2.160% pa. The par value of the bond was $15 million. What price was paid? Show your calculations.

Calendar information

In 2017, public holidays in both Sydney and Melbourne were: 1 and 2 January; 26 January; 14, 15, 16 and 17 April; 25 April; 12 June; 25 and 26 December.

In 2017 the number of days in each month were:

January	31	April	30	July	31	October	31
February	28	May	31	August	31	November	30
March	31	June	30	September	30	December	31