Question: a. You bought a $10,000 Treasury-note (T-note) that matures in 7 years. The coupon rate on the T-note is 5.875 percent. The last coupon payment
| a. You bought a $10,000 Treasury-note (T-note) that matures in 7 years. The coupon rate on the T-note is 5.875 percent. The last coupon payment occurred 82 days before the settlement of your purchase. Coupons are paid in every 184 days. The current quoted price of the bond is $10,134.37. What is amount of accured interest that you need to pay to the seller of this T-note? What is its full (dirty) price of this transaction? |
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