calendar days. If you are selling you are entitled us levi com coupons to the price of the bond plus the accrued interest that the bond has earned up to that point.
Next coupon date bond
So I have 3/15/2016, which means that my next payment will be at the end of that calendar year on December 31st. When an investor sells a bond in between coupon dates this investor receives a proportion of the next coupon payment. This is the price without any glossybox promo code october accrued. The buyer compensates you for this by adding the accrued interest to the current price. The we can see that the next coupon is due at the end of the second quarter or the first half of the year.