Problem:
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 _________. (Use actual/actual day-count convention)
A. $491.80
B. $800.00
C. $983.61
D. $1,661.20
E. none of the above