On July 1, 2012 ( 61 days later than the last coupon payment), you purchase...
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Finance
On July 1, 2012 ( 61 days later than the last coupon payment), you purchase a $5,000 par T-note that matures in five years. The coupon rate is 13 percent and the price quote is 98-6. The last coupon payment was May 1, 2012, and the next payment is November 1, 2012 (182 days total). The accrued interest is
a. $168.13
b. $132.61
c. $134.07
d. $142.45
e. $110.71
f. $184.89
$150.82
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