Accrued Interest

question 61

Multiple Choice

Accrued interest

• A) is quoted in the bond price in the financial press.
• B) must be paid by the buyer of the bond and remitted to the seller of the bond.
• C) must be paid to the broker for the inconvenience of selling bonds between maturity dates.
• D) a and b.
• E) a and c.

---

Definitions:

Hourly Rate

The amount of money paid for each hour of work.

Equal Pay

The principle or practice of paying employees the same amount for the same or substantially similar work, regardless of their gender or another protected characteristic.

Peter Principle

A concept that suggests people in a hierarchy tend to rise to their "level of incompetence," where they no longer have the ability to perform well.

Market Matching

A strategy used by businesses to align their offerings, products, or services with the demands and needs of the market.