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Question - Hercules bought an Australian Treasury bond with a coupon rate of j2 = 4.98% p.a. and a face value of $100. The maturity date of the bond is 15 May 2033. If Hercules purchased this bond on 1 May 2018, what was his purchase price (rounded to four decimal places)? Assume a purchase yield of j2 = 1.82% p.a.
a. 142.5034
b. 143.7066
c. 141.2184
d. 143.7082
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