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Siobh n is planning to purchase an Australian Treasury bond with a coupon rate ( 2 ) of 4 . 7 8 % p .

Siobhn is planning to purchase an Australian Treasury bond with a coupon rate (2) of 4.78% p.a. and face value of $100. The maturity date of the bond is 15 May 2033.
If Siobhan purchased this bond on 4 May 2018, what is her purchase price (rounded to four decimal places? Assume a yield rate of 1.35% p.a. compounded half-yearly. Siobhn needs to pay 24.9% of coupon payments and capital gains in tax payments. Assume that all tax payments are paid immediately.
a. $140.2493
b. $137.9970
c. $148.7430
d. $111.721

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