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On July 1,2012,you Purchase a $10,000 Par T-Note That Matures

Question 51

Multiple Choice

On July 1,2012,you purchase a $10,000 par T-note that matures in five years. The coupon rate is 8 percent and the price quote is 98-6. The last coupon payment was May 1,2012,and the next payment is November 1,2012 (184 days total) . The accrued interest is


A) $132.61.
B) $101.00.
C) $50.54.
D) $40.65.
E) $35.67.

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