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You are considering purchasing a bond between settlement periods with a 6% coupon rate and 4 semi-annual coupon payments remaining. There are 182 days in

  1. You are considering purchasing a bond between settlement periods with a 6% coupon rate and 4 semi-annual coupon payments remaining. There are 182 days in the coupon period and the days between the last coupon period and the settlement date is 66.

What is the accrued interest for this bond? Assume the par value is 100. [2 marks]

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