Actual/actual accrued interest.
4. 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