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Consider a bond with a coupon rate of 8% and a face value of $1,000. Coupons are paid semi-annually. Suppose there are 112 days to
Consider a bond with a coupon rate of 8% and a face value of $1,000. Coupons are paid semi-annually. Suppose there are 112 days to the next coupon payment date. Assuming a 30/360 day-count convention, what is the accrued interest on this bond today?
Round your answer to the nearest cent (2 decimal places).
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