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Siggi is planning to purchase an Australian Treasury bond with a coupon rate (j2) of 1.36% p.a. and face value of $100. The maturity date

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Siggi is planning to purchase an Australian Treasury bond with a coupon rate (j2) of 1.36% p.a. and face value of $100. The maturity date of the bond is 15 May 2033. If Siggi purchased this bond on 2 May 2018, what is her purchase price (rounded to four decimal places)? Assume a yield rate of 3.31% p.a. compounded halfyearly. Siggi needs to pay 21.7% of coupon payments and capital gains in tax payments. Assume that all tax payments are paid immediately. a. $70.1098 b. $77.6541 c. $60.8230 d. $69.4967

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