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On Thursday, February 2 9 , 2 0 2 4 , you purchase a $ 1 , 0 0 0 Treasury bond that matures on

On Thursday, February 29,2024, you purchase a $1,000 Treasury bond that matures on May 15,2031(settlement occurs one day after purchase, so you receive actual ownership of the bond on Friday March 1,2024). The coupon rate is 4.000 percent and the current price quoted on the bond is 98.159 percent of par (in dollar terms, $981.59). The last coupon payment occurred on November 15,2023, and the next coupon payment will be paid on May 15,2024.
Calculate the accrued interest due to the seller from the buyer at settlement.
Hint: do NOT round your intermediate steps.
Enter your answer to two decimal places.
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