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Qing bought an Australian Treasury bond with a coupon rate of j2=2.22% p.a. and a face value of $100. The maturity date of the bond
Qing bought an Australian Treasury bond with a coupon rate of j2=2.22% p.a. and a face value of $100. The maturity date of the bond is 15 May 2033. If Qing purchased this bond on 4 May 2018, what was his purchase price (rounded to four decimal places)? Assume a purchase yield of j2=1.84% p.a. a. $106.0132 b. $104.9028 c. $106.0122 d. $105.8680
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