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 _________.
A) $491.80
B) $800.00
C) $983.61
D) $1,661.20
E) none of the above
Correct Answer:
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