Accounts
This query is : Resolved
CA Ravi Sisodia
(Expert)
09 November 2011
Accrued interest. Accrued interest is the interest that accumulates on a fixed-income security between one interest payment and the next.
The amount is calculated by multiplying the coupon rate, also called the nominal interest rate, times the number of days since the previous interest payment.
The amount is calculated by multiplying the coupon rate, also called the nominal interest rate, times the number of days since the previous interest payment.
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