Ask Question
23 July, 21:01

A new issue corporate bond with dated date of May 1st is bought from the underwriter with settlement occurring on Wednesday, May 27th. How many days of accrued interest is owed the underwriter

+2
Answers (1)
  1. 23 July, 21:24
    0
    26

    Explanation:

    The Accrued interest on corporate bonds is calculated on the principle of a 30 days month/360 days year. And interest is expected to start accruing from the morning of the last payment of interest, up to, but not involving settlement.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A new issue corporate bond with dated date of May 1st is bought from the underwriter with settlement occurring on Wednesday, May 27th. How ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers