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1.If one purchases a 7.5% semi-annual paying coupon bond 18 days after the last coupon payment, the accrued interest (using a 360-day year) is approximately:
1.If one purchases a 7.5% semi-annual paying coupon bond 18 days after the last coupon payment, the accrued interest (using a 360-day year) is approximately:
A. $6.61 B. $3.75 C. $3.31 D. $1.88
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