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A bond makes semi - annual interest payments at a coupon rate of 4 . 5 % per year on 1 5 March and 1

A bond makes semi
-
annual interest payments at a coupon rate of
4
.
5
%
per year on
1
5
March and
1
5
September each year. What is the accrued interest
(
per $
1
0
0
of face value
)
if the bond changes hands on
2
3
May
2
0
2
0
?

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