Today is $1$ July $2021,$ William plans to purchase a corporate bond with a coupon rate of j$2=3\mathrm{.}01\%$ 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 j$2=3\mathrm{.}73\%$ p$.$a$.$ Assume that this corporate bond has a $5\mathrm{.}3\%$ chance of default in any six$-$month period during the term of the bond. Assume also that, if default occurs, William 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.

Question $10$Answer

a$.$

$97\mathrm{.}919$

b$.$

$75\mathrm{.}521$

c$.$

$71\mathrm{.}608$

d$.$

$98\mathrm{.}761$