Today you purchased some T-notes with a total face value of $10,000 at maturity. The trade will take 2 days to settle. Annual coupon rate on the T-note is 7% percent and the current price quoted on the bond is 99.8%. Assume coupons are paid semiannually. The most recent coupon payment was made 80 days before settlement, and there are a total of 183 days between the two coupon dates. What is the amount ($) of accrued interest?

Answer rating: 100% (QA)

To calculate the accrued interest on the Tnote purchase we need to determine the number of days from ... View the full answer