Answered: The accrued interest on a bond is…

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The accrued interest on a bond is calculated by taking the fraction of the coupon period that has passed. True or False

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter4: Bond Valuation

Section: Chapter Questions

Problem 11MC

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The accrued interest on a bond is calculated by taking the fraction of the coupon period that has passed.

True or False

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