An 9% coupon U.S. Treasury note pays interest on May 30 and November 30 and is traded for settlement on August 5. The accrued interest on the $33,000 face value of this note, assuming a semiannual coupon period of 182 days, is $__________. Round your answers to two decimal places.
An 9% coupon U.S. Treasury note pays interest on May 30 and November 30 and is traded for settlement on August 5. The accrued interest on the $33,000 face value of this note, assuming a semiannual coupon period of 182 days, is $__________. Round your answers to two decimal places.
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
Problem 1PS
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An 9% coupon U.S. Treasury note pays interest on May 30 and November 30 and is traded for settlement on August 5. The accrued interest on the $33,000 face value of this note, assuming a semiannual coupon period of 182 days, is $__________. Round your answers to two decimal places.
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