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Tameka purchased a Treasury bond with a coupon rate of 3 . 8 5 % p . a . , payable half - yearly, and

Tameka purchased a Treasury bond with a coupon rate of 3.85% p.a., payable half-yearly, and face value of $100. The maturity date of the bond is 15 April 2029.
(a) Kyah plans to purchase Tameka's Treasury bond on 10 April 2018. What price will Kyah pay (rounded to four decimal places)? Assume a yield of 4.23% p.a., compounded half-yearly. The correct answer is: 96.6295

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