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What is purchase price for henry

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Reference no: EM133011521

Henry is planning to purchase a Treasury bond with a coupon rate of 2.16% and face value of $100. The maturity date of the bond is 15 March 2033.

Problem (a) If Henry purchased this bond on 6 March 2020, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 3.12% p.a. compounded half-yearly.

a. 89.7364
b. 90.8142
c. 90.8156
d. 91.14

Reference no: EM133011521

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