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Which of the following statements regarding accrued interest is most accurate? A. The accrued interest is paid by the seller of the bond to the buyer (new owner) of the bond. B. If the seller must pay the buyer accrued interest, the bond is said to be trading cum-par. C. If the buyer must pay the seller the accrued interest, the bond is said to be trading ex-coupon. D. The bond is trading flat if the bond issuer is in default and the bond is trading without accrued interest. |