题目
In the context of bonds, accrued interest:
选项
A.covers the part of the next coupon payment not earned by seller.
B.equals interest earned from the previous coupon to the sale date.
C.applies only to bonds with semi-annual or quarterly coupon payments.
D.is discounted along with other cash flows to arrive at the dirty, or full price.
答案
B
解析
This is a correct definition of accrued interest on bonds. The other choices are false. Accrued interest can occur on all bonds with periodic coupon payments, not just bonds with payment frequencies greater than one year. Accrued interest is not discounted when calculating the price of the bond. The statement, "covers the part of the next coupon payment not earned by seller," should read, "…not earned by buyer."这是对债券应计利息的正确定义。其他的选择是错误的。应计利息可以发生在所有定期支付息票的债券上，而不仅仅是支付频率大于一年的债券。在计算债券价格时，应计利息不需要折现 。