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(Querist)
11 April 2014 wats broken period interest??
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
11 April 2014 let say on a debt security interest is payable on 6 monthly basis, say 30 june and 31 dec.

so if you sell the security on 30 april, so interest from 1 Jan to 30 April shall be referred to as broken period interest.
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