Today is 1 July 2017. Jayden has a portfolio which consists of three financial instruments (henceforth referred to as instrument A, instrument B and instrument C.

Instrument A is a 4-year zero-coupon bond with a face value of 100. This bond matures at par.

Instrument B is a Treasury bond with a coupon rate of j2 = 4.55% p.a. and face value of 100. This bond matures at par. The maturity date is 1 January 2019.

Instrument C is a Treasury bond with a coupon rate of j2 = 4.75% p.a. and face value of 100. This bond matures at par. The maturity date is 5 July 2025.

a. Assume that Jayden purchased instrument B on 15 April 2009. What was its purchase price? The yield rate is assumed to be j2 = 5% p.a. Round your answer to three decimal places.

b. Jayden purchased instrument C on 1 July 2017. Calculate the purchase price of instrument C, given that the purchase yield rate is j2 = 5% p.a. Round your answer to three decimal places.