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YouTube T3-22: Accrued interest depends on the bond's day count convention

Nicole Seaman

Chief Admin Officer
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The day count convention can be ACT/ACT (eg, US Treasury bonds), 30/360 (eg, US Corporate and municipal bonds), or ACT/360 (eg, money market instruments). The Cash Price = Quoted Price - Accrued Interest.

David's XLS is here: https://trtl.bz/2uH24TW

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