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On 4/22/2017 a twenty-year, 3.5% Treasury bond was issued. On 1/7/2021, an investor sells $1,250,000 in par value at a quoted price of 97.875. What
On 4/22/2017 a twenty-year, 3.5% Treasury bond was issued. On 1/7/2021, an investor sells $1,250,000 in par value at a quoted price of 97.875. What is the sellers accrued interest?
Assume all bonds pay semi-annual coupons unless otherwise instructed. Assume all bonds have par values per contract of $1,000.
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