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John buy 5.5% T-bond 83 days after the previous coupon was paid. At the time of previous coupon payment, the T-bond was sold for $1080.
John buy 5.5% T-bond 83 days after the previous coupon was paid. At the time of previous coupon payment, the T-bond was sold for $1080. Assume that there are 184 days in one coupon period. What is the accrued interest during 83 days?
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