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You are looking at purchasing a corporate bond issued by OnlineTronics. The bond has a coupon rate of 10% and a semi-annual coupon (coupons are
You are looking at purchasing a corporate bond issued by OnlineTronics. The bond has a coupon rate of 10% and a semi-annual coupon (coupons are paid every February 1 and August 1). If you purchase the bond, the settlement date will be 12/07/2022 (December 7, 2022). The bond is quoted on a 30/360 basis and has a $1,000 par value. What is the bond's accrued interest?
Show your final answer as a dollar value with 2 decimal places without the $. For example, 15.23.
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