A 6% coupon U.S. Treasury note pays interest on May 31 and November 30 and is traded for settlement on August 10. The accrued interest on the $100,000 face amount of this note is ________.

Name: A 6% coupon U.S. Treasury note pays interest on May 31 and November 30 and is traded for settlement on August 10. The accrued interest on the $100,000 face amount of this note is ________.
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Question

Quizplus · Accepted Answer

Accrued interest = 100,000(.06/2)(71/182) = 1,170.33

A 6% Coupon U