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121
Which of following is applicable to corporate bonds in the United States?
A.Actual/360
B.Actual/Actual
C.30/360
D.Actual/365
A.Actual/360
B.Actual/Actual
C.30/360
D.Actual/365
Answer: C
Corporate bonds in the U.S are usually quoted with a 30/360 day count. This means that there are assumed to be 30 days per month and 360 days per year when the length of an accrual period is calculated.
Corporate bonds in the U.S are usually quoted with a 30/360 day count. This means that there are assumed to be 30 days per month and 360 days per year when the length of an accrual period is calculated.
Flashcard info:
Author: CoboCards-User
Main topic: Finance & Investment
Topic: Derivatives
Published: 27.10.2015