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On September 26, 2018, you purchase a $10,000 T-note that matures on May 15, 2025. The coupon rate on the T-note is 5.5 percent and
On September 26, 2018, you purchase a $10,000 T-note that matures on May 15, 2025. The coupon rate on the T-note is 5.5 percent and the current price quoted on the bond 100.3437. The last coupon payment occurred on May 15, 2018, and the next coupon payment will be paid on November 15, 2018. Calculate the accrued interest and the dirty price of that bond
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Public Finance
Authors: Harvey Rosen, Robert Guell, Ted Gayer
9th Edition
0073511358, 9780073511351
