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A bond has a 6% coupon rate, with a face value of 1,250 and pays coupons semiannually. The bond has a maturity of 1.65 years.

A bond has a 6% coupon rate, with a face value of 1,250 and pays coupons semiannually. The bond has a maturity of 1.65 years. The required yield is 7%, if the bond has an accrued interest calculation based on 180 days in each six month coupon period. Assuming that the bond goes ex-coupon on the day the coupon is paid how much-accrued interest will be paid on the bond if it is sold with a maturity of 1.65 years?

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