Quentin is planning to purchase an Australian Treasury bond with a coupon rate (j2) of 1.03% and face value of $100. The maturity date of the bond is 15 May 2033. Quentin's bond matures at par. If Quentin purchased this bond on 6 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 1.28% p.a. compounded halfyearly, allowing for taxation. Quentin needs to pay tax at rate 24.4% on coupon payments. Assume the tax on coupon is paid immediately on the coupon payment date. a. $93.7444 b. $93.5375 c. $93.5380 d. $93.1483 Karl is planning to purchase a Treasury bond paying a (j2) coupon rate of 5.96% p.a. The face value of the bond is $100. Its maturity date is 15 March 2033; the bond matures at par. If Karl purchased this bond on 3 March 2020, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 11.12% p.a., compounded half-yearly. Karl needs to pay 16.4% of coupon payments and capital gains in tax. Assume that all tax payments are delayed by a halfyear. a. $59.4354 b. $67.6556 c. $57.1820 d. $56.8285