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Today is 1 July 2 0 2 1 , Jacob plans to purchase a corporate bond with a coupon rate of j 2 = 4

Today is 1 July 2021, Jacob plans to purchase a corporate bond with a coupon rate of j2=4.29% p.a. and face value of 100. This corporate bond matures at par. The maturity date is 1 January 2024. The yield rate is assumed to be j2=3.75% p.a. Assume that this corporate bond has a 5.7% chance of default in any six-month period during the term of the bond. Assume also that, if default occurs, Jacob will receive no further payments at all. Calculate the purchase price for 1 unit of this corporate bond. Round your answer to three decimal places.
a.
72.808
b.
76.512
c.
100.699
d.
101.788

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