Assume that the year in which this security is purchased is not a leap year. a. How

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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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