An 9% coupon U.S. Treasury note pays interest on May 30 and November 30 and is traded for settlement on August 5. The accrued interest on the $33,000 face value of this note, assuming a semiannual coupon period of 182 days, is $__________. Round your answers to two decimal places.

An 9% coupon U.S. Treasury note pays interest on May 30 and November 30 and is traded for settlement on August 5. The accrued interest on the $33,000 face value of this note, assuming a semiannual coupon period of 182 days, is $__________. Round your answers to two decimal places.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 8MC: On October 1 a company sells a 3-year, $2,500,000 bond with an 8% stated interest rate. Interest is...

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