Multiple Choice
A 6% coupon U.S. Treasury note pays interest on May 31 and November 30 and is traded for settlement on August 10. The accrued interest on the $100,000 face amount of this note is ________.
A) $581.97
B) $1,170.33
C) $2,327.87
D) $3,000
Correct Answer:
Verified
Correct Answer:
Verified
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