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2. The coupon rate of a recent $1,000,000 T-bond is 4 %, but the last coupon payment was made 85 days ago and the instrument

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2. The coupon rate of a recent $1,000,000 T-bond is 4 %, but the last coupon payment was made 85 days ago and the instrument has six months in its coupon period. What is the accrued interest (in dollars and per cent) for the T-bond? Assume 30 days in each month for the coupon period

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