Qing bought an Australian Treasury bond with a coupon rate of j2 = 2.57% p.a. and a face value of $100. The maturity date of the bond is 15 May 2033. If Qing purchased this bond on 6 May 2018, what was his purchase price (rounded to four decimal places)? Assume a purchase yield of j2 = 2.92% p.a.   a. $96.9884   b. $96.9895   c. $97.1016   d. $95.7043

Essentials Of Investments
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Qing bought an Australian Treasury bond with a coupon rate of j2 = 2.57% p.a. and a face value of $100. The maturity date of the bond is 15 May 2033.

If Qing purchased this bond on 6 May 2018, what was his purchase price (rounded to four decimal places)? Assume a purchase yield of j2 = 2.92% p.a.

 

a.

$96.9884

 

b.

$96.9895

 

c.

$97.1016

 

d.

$95.7043

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