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You recently purchased a $10,000 par T-note that matures in 5 years. The coupon rate is 6%. The last coupon payment was 120 days ago
You recently purchased a $10,000 par T-note that matures in 5 years. The coupon rate is 6%. The last coupon payment was 120 days ago and the instrument has six months in its coupon period. Calculate the accrued interest (in dollars) for the note assuming 30 days in each period.
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