Multiple Choice
Bonds trade on an accrual interest basis. This means an investor:
A) can sell a bond at any time without losing the interest that has accrued.
B) can buy a bond at any time and gain the interest accrued from the time of the last payment.
C) can sell a bond at any time and retain the interest portion of the bond.
D) can buy a bond at any time and receive an immediate interest check.
Correct Answer:
Verified
Correct Answer:
Verified
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