Jay purchased a Treasury bond with a coupon rate of 3.85% and face value of...
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Finance
Jay purchased a Treasury bond with a coupon rate of 3.85% and face value of $100. The maturity date of the bond is 15 March 2029.
In fact, Yuri changes his plan and Jay plans to sell this bond on 11 January 2022. What was Jay's sale price (rounded to four decimal places)? Assume a yield of 3.09% p.a. compounded half-yearly.
a. 106.1084
b. 104.4940
c. 104.1937
d. 106.4087
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