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On July 1, 2021, you purchase a $10,000 par T-note that matures in five years. The annual coupon rate is 8 percent and the price quote is 98-6. The last coupon payment was May 1, 2021 (61 days before settlement) and the next payment is November 1, 2021 (123 days from settlement). What is the accrued interest?

Posted Date: May 16, 2024 04:07 PM

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Hello, I am doing exercises to practice for my exam in Financial Markets and Institutions and need

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