The last interest payment date is Jan. 15, the next interest payment date is July 15, and today is April 15. The bond under consideration has a par of $1,000, coupon rate of 8% annually, and the bond pays interest twice a year. What is the accrued interest if the bond is purchased today? A. 1.989% of par, or $19.89 B.

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The last interest payment date is Jan. 15, the next interest payment date is July 15, and today is April 15. The bond under consideration has a par of $1,000, coupon rate of 8% annually, and the bond pays interest twice a year. What is the accrued interest if the bond is purchased today?           A. 1.989% of par, or $19.89  B. 4% of par, or $40  C. 1.6814% of par, or $16.814  D. 2.52% of par, or $25.20

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