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Consider a bond with a settlement date of 11/10/2021 and a maturity date of 5/31/2030. Suppose that the bond pays a 6% coupon rate, makes
Consider a bond with a settlement date of 11/10/2021 and a maturity date of 5/31/2030. Suppose that the bond pays a 6% coupon rate, makes semi- annual payments, and is currently trading at a yield to maturity of 5%. What is the accrued interest of the bond on the settlement date assuming that it is a $1,000 par bond? Multiple Choice
$26.72
$27.38
$28.14
$29.07
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