What is the accrued interest amount

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Reference no: EM131552362

You purchase a bond with a coupon rate of 6.25% and a par value of $1,000. There are 53 days to the next semiannual coupon payment date and the total number of days in the period is 182. What is the accrued interest amount?

a) $31.25

b) $9.10

c) $22.15

d) $62.50

Reference no: EM131552362

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