Today is 1 July 2020, William plans to purchase a corporate bond with a coupon rate of j2 = 2.44% p.a. and face value of 100. This corporate bond matures at par. The maturity date is 1 January 2025. The yield rate is assumed to be j2 = 4.94% p.a. Assume that this corporate bond has a 7.9% 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. Select one: O a. 44.967 O b. 91.502 O c. 41.513 O d. 89.253 Today is 1 July 2020, William plans to purchase a corporate bond with a coupon rate of j2 = 2.44% p.a. and face value of 100. This corporate bond matures at par. The maturity date is 1 January 2025. The yield rate is assumed to be j2 = 4.94% p.a. Assume that this corporate bond has a 7.9% 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. Select one: O a. 44.967 O b. 91.502 O c. 41.513 O d. 89.253