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On October you purchase a $ Tnote that matures on August settlement occurs two days after purchase, so you receive actual ownership of the bond on October The coupon rate on the Tnote is percent and the current price quoted on the bond is percent. The last coupon payment occurred on May days before settlement and the next coupon payment will be paid on November days from settlement
a Calculate the accrued interest due to the seller from the buyer at settlement.
b Calculate the dirty price of this transaction.
For all requirements, do not round intermediate calculations. Round your answers to decimal places. eg
Answer is complete but not entirely correct.
tableaAccrued interest due,$
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