Question
. An 8% coupon U.S. Treasury note pays interest on May 30 and November 30 and is traded for settlement on August 15. The accrued
. An 8% coupon U.S. Treasury note pays interest on May 30 and November 30 and is traded for settlement on August 15. The accrued interest on the $100,000 face value of this note is
| A. | $491.80. |
| B. | $800.00. |
| C. | $983.61. |
| D. | $1,661.20. |
| E. | None of the options
I know the answer is D. I am just trying to understand it. |
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th Global Edition
007715469X, 978-0077154691
