Jay purchased a Treasury bond with a coupon rate of 3.19% and face value of $100. The

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Jay purchased a Treasury bond with a coupon rate of 3.19% and face value of $100. The maturity date of the bond is 15 March 2029.

Yuri plans to purchase Jay's Treasury bond on 10 September 2021. What price will Yuri pay (round to four decimal places)? Assume a yield of 3.88% p.a. compounded half-yearly. Round your answer to four decimal places.

a.104.7855

b.104.5246

c.106.8212

d.104.5274

Related Book For answer-question

Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Posted Date: Jan 17, 2022 05:26 AM

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Jay purchased a Treasury bond with a coupon rate of 3.19% and face value of $100. The

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A B D E 1 Semi annual yield33882 Number of semi annual periods to maturity 2 Rate 1940 16 ... View the full answer

Fundamentals of Investments Valuation and Management

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