An 8% coupon U.S.Treasury note pays interest on May 30 and November 30 and is traded for settlement on August 15.The accrued interest on the $100,000 face value of this note is

Name: An 8% coupon U.S.Treasury note pays interest on May 30 and November 30 and is traded for settlement on August 15.The accrued interest on the $100,000 face value of this note is
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Question

Quizplus · Accepted Answer

76/183($4,000) = $1,661.20.Approximation: .08/12 × 100,000 = 666.67 per month.666.67/month × 2.5 months = 1.666.67.

An 8% Coupon U