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You are going to buy a bond that has an annual coupon rate of 3% and pays interest semi-annually. If the bond's coupon payment dates
You are going to buy a bond that has an annual coupon rate of 3% and pays interest semi-annually. If the bond's coupon payment dates are June 1 and December 1, and you buy $10,000 in face value of the bond on July 15, how much will you have to pay in accrued interest? The interest calculation basis for the bond is actual/actual.
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