Day Count Convention

Day Count Convention

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In finance, a day count convention determines how interest accrues over time for a variety of investments, including bonds, notes, loans, mortgages, medium-term notes, swaps, and forward rate agreements (FRAs). This determines the amount transferred on interest payment dates, and also the calculation of accrued interest for dates between payments. The day count is also used to quantify periods of time when discounting a cash-flow to its present value. When a security such as a bond is sold between interest payment dates, the seller is eligible to some fraction of the coupon amount.show more

Product details

  • Paperback | 68 pages
  • 152 x 229 x 4mm | 113g
  • Commun
  • United States
  • English
  • 613668361X
  • 9786136683614