Question: Hello, I am doing exercises to practice for my exam in Financial Markets and Institutions and need step by step help solving these. On July

Hello, I am doing exercises to practice for my exam in Financial Markets and Institutions and need step by step help solving these.

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?

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