Find detailed and accurate answers to your questions on IDNLearn.com. Discover comprehensive answers from knowledgeable members of our community, covering a wide range of topics to meet all your informational needs.

When a bond is sold between coupon payment dates, the buyer pays the seller for the _____, which is the prorated share of the upcoming coupon payment.

Sagot :

When a bond is sold between coupon payment dates, the buyer pays the seller for the coupon interest earned from the time of the last coupon payment to the settlement date of the bond.

What is a bond?

Bond refers to the type of security that are used by governments or companies to raise money by borrowing from investors.

Bonds are also known as fixed income instruments. It is a loan from an investor to a borrower such as a company or government.

Basically, bonds are issued by the government and corporations when it needs money. They commonly use bonds in order to borrow money.

Learn more about bonds here:-

https://brainly.com/question/10777799

#SPJ4

We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Your questions deserve precise answers. Thank you for visiting IDNLearn.com, and see you again soon for more helpful information.