Question
Simon purchased a Treasury bond with a coupon rate of j2 = 3.36% p.a. and a face value of $100 that matures at par. The
Simon purchased a Treasury bond with a coupon rate of j2 = 3.36% p.a. and a face value of $100 that matures at par. The maturity date of this bond is 15/12/2023. QUESTION 9 [3 marks] If Simon purchased this bond on 23/5/2017 with a purchase yield rate of j2 = 3.77%. Calculate Simons purchase price Round your result to three decimal places. Select the correct answer.
a. 94.885 b. 96.015
c. 99.102 d. None of above option is correct.
QUESTION 10 [3 marks] If Simon purchased this bond on 11/12/2017 with a purchase yield rate of j2 = 3.77%. Calculate Simons purchase price Round your result to three decimal places. Select the correct answer.
a. 95.669 b. 97.777 c. 99.853
d. None of above option is correct.
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