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Philippe bought a Treasury bond with a coupon rate of j 2 =9% p.a. and face value of $100. The bond will mature on 15

Philippe bought a Treasury bond with a coupon rate of j₂=9% p.a. and face value of $100. The bond will mature on 15 April 2028.

If Philippe purchased the bond on 6 February 2018, what was its purchase price (rounded to four decimal places)? Assume a yield of 8.91% p.a., compounded half-yearly.

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