Henry is planning to purchase a Treasury bond with a coupon rate of 3.02% and face value of $100. The maturity date of the bond is 15 May 2033. (c) If Henry purchased this bond on 3 May 2018, what is his purchase price (rounded to four decimal places)? Assume a yield rate of 2.39% p.a. compounded half-yearly. Henry needs to pay 21.8% on coupon payment and capital gain as tax payment. Assume that all tax payments are paid immediately.
Select one:
a. 99.4877
b. 100.8799
c. 109.3023
d. 85.4931
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