Jason purchased a Treasury bond with a coupon rate of 4.81% and face value of...
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Accounting
Jason purchased a Treasury bond with a coupon rate of 4.81% and face value of $100. The maturity date of the bond is 15 April 2029. (a) If Yang purchased this bond on 13 April 2018, what is the purchase price (rounded to four decimal places)? Assume a yield rate of 3.51% p.a. compounded half-yearly.
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