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On July 10 2022 you purchase a 10000 par T note that matures in five years the coupon rate is 8 percent the last coupon
On July 10 2022 you purchase a 10000 par T note that matures in five years the coupon rate is 8 percent the last coupon payment was may 1 2022 and the next payment is November 1 2022 settlement will occur on July 11 2022. What is the accrued interest ?
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Foundations Of Finance
Authors: Arthur J. Keown, John D. Martin, J. William Petty
9th Global Edition
1292155132, 9781292155135
