When bonds are sold between the interest payment dates, the issuing corporation
collects from investors the interest that has accrued since the last interest
payment date.

Name: When bonds are sold between the interest payment dates, the issuing corporation collects from investors the interest that has accrued since the last interest payment date.
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This is known as accrued interest and is typically calculated based on the number of days between interest payments and the bond's stated interest rate.

When Bonds Are Sold Between the Interest Payment Dates, the Issuing