Question: For an upvote full working must be shown, and each step of the calculation must be correct. Then the final answer must be correct to
For an upvote full working must be shown, and each step of the calculation must be correct. Then the final answer must be correct to the decimal place.
Henry is planning to purchase a Treasury bond with a coupon rate of and face value of $ The maturity date of the bond is March
b If Henry purchased this bond on March what is his purchase price rounded to four decimal places Assume a yield rate of pa compounded halfyearly. Henry needs to pay on
coupon payment as tax payment and tax are paid immediately.
a
b
c
d
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