A 6% coupon U.S. Treasury note pays interest on May 31 and November 30 and is traded for settlement on August 10. What is the accrued interest on the $100,000 face amount of this note? A. 581.97 B.1,163.93 C.2,327.87 D.3,000.00
A 6% coupon U.S. Treasury note pays interest on May 31 and November 30 and is traded for settlement on August 10. What is the accrued interest on the $100,000 face amount of this note? A. 581.97 B.1,163.93 C.2,327.87 D.3,000.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A 6% coupon U.S. Treasury note pays interest on May
31 and November 30 and is traded for settlement on
August 10. What is the accrued interest on the
$100,000 face amount of this note?
A. 581.97
B.1,163.93
C.2,327.87
D.3,000.00
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