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What is yoshi purchase price

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Reference no: EM133042498

Problem - Yoshi purchased a Treasury bond with a coupon rate of j2=3.32% and face value of $100 on 18/5/2020. The maturity date of the bond is 15/9/2024. What is Yoshi's purchase price (rounded to four decimal places)? Assume a yield rate of 4.88% p.a. compounded half-yearly.

Reference no: EM133042498

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