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You purchase a 6% coupon $1,000 par value corporate bond on January 23, 2019. The bond last paid a coupon on December 31, 2018 and

You purchase a 6% coupon $1,000 par value corporate bond on January 23, 2019. The bond last paid a coupon on December 31, 2018 and is due to pay its next coupon on June 30, 2019, since its coupons are paid semi-annually. The bonds day-count convention is 30/360. What is the accrued interest? Hint: 30/360 assumes 30 days a month and 360 days a year. Thus, from Feb 01, 2020 to March 17, 2020, there will be 47 days instead of 45 days (actual).

A. $7.62

B. $7.67

C. $3.81

D. $3.83

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