Business, 24.05.2021 20:10 serenitynycole

Suppose that a Treasury coupon security is purchased on April 8 and that the last coupon payment was on February 15. Assume that the year in which this security is purchased is not a leap year. (a) How many days are in the accrued interest period?
(b) If the coupon rate for this Treasury security is 7% and the par value of the issue purchased is $1 million, what is the accrued interest?

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Suppose that a Treasury coupon security is purchased on April 8 and that the last coupon payment was...

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