Question: Please answer quickly Today is 15 May 2021. Stphanie has just purchased a Treasury bond with a face value of $100, maturing at par and

Please answer quickly

Please answer quickly Today is 15 May 2021. Stphanie has just purchased

Today is 15 May 2021. Stphanie has just purchased a Treasury bond with a face value of $100, maturing at par and paying coupor at j2 = 3.4% p.a. The purchase price was $99.803. The maturity date of this bond is 15 May 2023. a) Use the bond salesperson's formula to estimate Stphanie's purchase yield. Give your answer in jz form, rounded to 3 decima places. a. 3.502% b. 1.751% O c. 3.135% O d. 1.877%

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