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3) You purchase a $5,000 8.625% Treasury bond maturing May 31, 2022. The bond is priced to yield 8.875% and settles March 18, 2017 Accrued

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3) You purchase a $5,000 8.625% Treasury bond maturing May 31, 2022. The bond is priced to yield 8.875% and settles March 18, 2017 Accrued Interest is calculated over days and you earn interest over days Interest is thus earned over a total of days

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