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mrzwink
Lv 7
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?
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