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The following two problems (#3 and #4) make use of the same data: You have just purchased $1,000,000 in face value of the February 15,
The following two problems (\#3 and \#4) make use of the same data: You have just purchased $1,000,000 in face value of the February 15, 20493.00% Treasury bond at an agreed upon price of 116.086 to settle on October 22, 2019. The bond pays interest twice a year on February 15 and August 15. What is the total dollar value of accrued interest that you will have to pay on the bond at settlement? Zero because Treasuries trade "flat" like equities and have no accrued interest. $6,435.20 $5,543,48 $11,086.96
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