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Exam CCRA topic 1 question 54 discussion

Actual exam question from AIWMI's CCRA
Question #: 54
Topic #: 1
[All CCRA Questions]

A coupon bond is trading at 110% of the USD 1000 par value. If the last interest payment was made one month ago and the coupon rate is 12%, the accrued interest on this bond is_______

  • A. 110
  • B. 100
  • C. 120
  • D. 10
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Suggested Answer: D 🗳️
Reference:
http://www.faculty.umassd.edu/xtras/catls/resources/binarydoc/2288.pdf
by vynyfulu at April 5, 2025, 12:03 p.m.

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