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Using the actual/365 convention, calculate the accrued interest based on $60,258 value and a 1.7% coupon....

Using the actual/365 convention, calculate the accrued interest based on $60,258 value and a 1.7% coupon.

Accrual begins on 3/12/2020 and ends (and includes) 9/3/2020

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Statement showing Computations
Particulars Amount
No of days from 12 Mar to 03 Sep = 20 + 30+31+30+31+31+03                176.00
Value          60,258.00
Coupon 1.70%
Accrued interest = 60258*1.70%*176/365                493.95

jeff jeffy answered 2 years ago
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