On May 13, 2022, you purchased a 1000 USD par treasury note that matures on December 15, 2024. The coupon rate is 4% and price is 101. What is the accrued interest rate?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 4P
icon
Related questions
Question

On May 13, 2022, you purchased a 1000 USD par treasury note that matures on December 15, 2024. The coupon rate is 4% and price is 101. What is the accrued interest rate?

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT