alleryStart learning →8% annual coupon, par Rs 100, paid half-yearly. Accrued interest after 45 days (30/360)?
ARs 2.00
BRs 1.00
CRs 4.00
DRs 0.50
Answer & Solution
Correct answer: B. Rs 1.00
Half-yearly coupon is Rs 4 and the accrual fraction is 45/180 = 0.25, so accrued interest is Rs 1.00.
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