If the bonds are purchased between interest dates, the purchase price includes accrued interest since the last interest payment.

Name: If the bonds are purchased between interest dates, the purchase price includes accrued interest since the last interest payment.
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Quizplus · Accepted Answer

This is true. When bonds are purchased between interest dates, the buyer must compensate the seller for any accrued interest that has accumulated between the last interest payment and the date of purchase. This is known as accrued interest.

If the Bonds Are Purchased Between Interest Dates, the Purchase