You are buying a $1,000 face value bond from your dealer. The bond pays interest semiannually on February 1 and August 1. Assume that every month has 30 days only. Today is May 30. How many months of accrued interest must you pay when you make this purchase?
A) 1 month
B) 2 months
C) 3months
D) 4 months
E) 5 months
Correct Answer:
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