mrzwink asked in Business & FinanceInvesting · 9 years ago

Is it right that the accrued Interest is over the total coupon when calculating with Act/360?

when i do the calculation for act/360 over a full year (leap year) then the final sum will be 365/360 or 366/360. which is more than one. this results in an accrued interest higher than the total coupon of the bond. is this right?

1 Answer

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  • JoeyV
    Lv 7
    9 years ago
    Favorite Answer

    That's right.

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