ACI
3I0-013 · Question #150
On 15 April 2010 you buy a bond whose coupon falls on 15 January 2010. The interest basis is 30/360. Using bond settlement T+1, how many days do you apply for the interest calculation?
The correct answer is C. 91 days. See the full explanation below for the reasoning.
Question
On 15 April 2010 you buy a bond whose coupon falls on 15 January 2010. The interest basis is 30/360. Using bond settlement T+1, how many days do you apply for the interest calculation?
Options
- A89 days
- B90 days
- C91 days
- D92 days
How the community answered
(25 responses)- A4% (1)
- B8% (2)
- C84% (21)
- D4% (1)
Community Discussion
No community discussion yet for this question.