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Suppose you are holding a five years Bayport Zambia bond with a face value of K2, 000 scheduled to be paid a 6% coupon payment

Suppose you are holding a five years Bayport Zambia bond with a face value of K2, 000 scheduled to be paid a 6% coupon payment twice a year on March 1 and September 1. If interest rates increased in the market and you decided to get rid of the bond to investor in 12 months FNB fixed deposit asset. Calculate the accrued interest that was due to you if the bond was sold on 20th June, 2020.

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