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Question
On July 1, 2012 you purchase a $10,000 par T-Note that matures in 5 years. The coupon rate is 8% and the price quote is 98:6. The last coupon payment was May 1, 2012 and the next payment is November 1, 2012 (184 days total). The accrued interest is
A. $132.61.
B. $101.00.
C. $50.54.
D. $40.65.
E. $35.67.
Answer
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