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Question 8 On July 10, 2012, you purchase a $10,000 par T-note that matures in five years. The settlement occurs on July 11, 2019 The coupon rate is 6 percent and the current price quote is 97.9657 percent. The last coupon payment was on 10 days before settioment, and the next coupon payment will be paid on 155 days from settlement Calculate the accrued interest due to the seller from the buyer at settlement (round your answer to 2 decimal places)

Question 8 On July 10, 2012, you purchase a $10,000 par T-note that matures in five years. The settlement occurs on July 11, 2019 The coupon rate is 6 percent and the current price quote is 97.9657 percent. The last coupon payment was on 10 days before settioment, and the next coupon payment will be paid on 155 days from settlement Calculate the accrued interest due to the seller from the buyer at settlement (round your answer to 2 decimal places)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Question 8 On July 10, 2012, you purchase a $10,000 par T-note that matures in five years. The settlement occurs on July 11, 2019. The coupon rate is 6 percent and the current price quote is 97.9657 percent. The last coupon payment was on 10 days before settlement, and the next coupon payment will be paid on 155 days from settlement. Calculate the accrued interest due to the seller from the buyer at settlement. (round your answer to 2 decimal places) L Question 8 of 27>> Moving to another question will save this response.
Transcribed Image Text:Question 8 On July 10, 2012, you purchase a $10,000 par T-note that matures in five years. The settlement occurs on July 11, 2019. The coupon rate is 6 percent and the current price quote is 97.9657 percent. The last coupon payment was on 10 days before settlement, and the next coupon payment will be paid on 155 days from settlement. Calculate the accrued interest due to the seller from the buyer at settlement. (round your answer to 2 decimal places) L Question 8 of 27>> Moving to another question will save this response.
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