ICMA SOFQ Question Answer
Accrued interest is designed to:
Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date
Compensate the seller of an interest-bearing bond for interest earner, (but not paid) relating to the next coupon payment date
Compensate the buyer of an interest-bearing bond for interest earned, (but not paid) relating to the next coupon payment date
Compensate the seller of an interest-bearing bond for interest earned, (but not paid) since the previous coupon payment date
TESTED 31 Jul 2025
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