q25

On July 10, 2012, you purchase a $10,000 par T-note that matures in five years. The settlement occurs on July 11, 2019. The coupon rate is 8 percent and the current price quote is 98.1819 percent. The last coupon payment was on 13 days before settlement, and the next coupon payment will be paid on 176 days from settlement. Calculate the accrued interest due to the seller from the buyer at settlement. (round your answer to 2 decimal places)