In the case of a coupon bond being purchased 77 days since, Financial Management

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In the case of a coupon bond being purchased 77 days since

In the case of a coupon bond being purchased 77 days since the last coupon payment of $76.21, how much accrued interest will shift between buyer and seller if bond pays semi-annual coupons (i.e. coupon payments are typically 180 days apart)?

a. $15.87

b. $32.60

c. $65.20

d. $81.50

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Financial Management: In the case of a coupon bond being purchased 77 days since

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Financial Management: In the case of a coupon bond being purchased 77 days since

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