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1. (9 Points) On April 4, 2019, Mr. White buys a $20,000 T-note that matures on June 15, 2026. Mr. White receives actual ownership of
1. (9 Points) On April 4, 2019, Mr. White buys a $20,000 T-note that matures on June 15, 2026. Mr. White receives actual ownership of the T-note on April 5, 2019. The coupon rate of the T-note is 6%. The last coupon payment occurred 120 days before settlement, and the actual number of days in the coupon period is 184. a) Calculate the accrued interest on this T-note (as a percentage). Show your calculations b) If the clean price of this T-note was 102% on April 5, 2019. What was the dirty price of this note on April 5, 2019? Show your calculations. c) If the face value of the T-note is $20,000, how much money does Mr. White pay for buying these bonds? Show your calculations
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