Assume that the year in which this security is purchased is not a leap year. a. How
Question:
Assume that the year in which this security is purchased is not a leap year.
a. How many days are in the accrued inter- est period?
b. If the coupon rate for this Treasury secu- rity is 7% and the par value of the issue purchased is $1 million, what is the accrued interest?
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