question archive Ted purchased a $10,000 par T-note that matures in ?ve years
Ted purchased a $10,000 par T-note that matures in ?ve years
Subject:FinancePrice: Bought3
Ted purchased a $10,000 par T-note that matures in ?ve years. The annual coupon rate is 8 percent and the price quote is 98-6. The last coupon payment was May 1, 2021 (61 days before settlement) and the next payment is November 1, 2021 (123 days from settlement). What is the accrued interest?
