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A bond makes semi-annual interest payments at a coupon rate of 5.5% per year on 15 April and 15 October each year. What is the

A bond makes semi-annual interest payments at a coupon rate of 5.5% per year on 15 April and 15 October each year. What is the accrued interest (per $100 of face value) if the bond changes hands on 20 June 2020? Select one:

a. $0.982

b. $0.977

c. $0.997

d. $0.992

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