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Ted purchased a $10,000 par T-note that matures in ve years. The annual coupon rate is 8 percent and the price quote is 98-6. The
Ted purchased a $10,000 par T-note that matures in ve years. The annual coupon rate is 8 percent and the price quote is 98-6. The last coupon payment was May 1, 2021 (61 days before settlement) and the next payment is November 1, 2021 (123 days from settlement). What is the accrued interest?
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