Suppose that a treasury coupon security is purchased on, Ask an Expert

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Suppose that a Treasury coupon security is purchased on September 10 and that the last coupon payment was on July 12. Assume that the year in which this security is purchased is not a leap year. If the coupon rate for this Treasury security is 10% and the par value of the issue purchased is $1 million, what is the accrued interest?

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Financial Management, Finance

Category:- Financial Management
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