Multiple choice

A security is issued on 1st March 2010, its first interest date is 31st August 2010 with a coupon rate of 10% and par value of 1000 rupees. Settlement date for security is 1st May 2010 with 30/360 basis value. Which function can be used to calculate the accrued interest for the security with the expected issue date, 5th March 2010?

  1. ACCRINTM and DATE function

  2. ACCRINT function

  3. AMORLINC function

  4. ACCRINT and DATE function

  5. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This function calculates the accurate interest from the given date.

Keep practicing — related questions