how to calculate cum interest & ex interest
This query is : Resolved
05 September 2008
please help me to calculation method of the ex-interest & cum-interest. also explain the difference between both?
13 September 2008
An investment in interest bearing financial instrument is said to cum-interest if it is sold or purchased with the amount of interest upto the date of sale. In case it is without interest then it is Ex-interest.
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