Question

3. Interest on bonds accrues
(a) on the last day of the financial year
(b) on due dates fixed in advance
(c) on the date fixed by board resolution
(d) as declared by the company in the beginning of every financial year
per his actual periodo​

Answer 1

Answer:

Accrued interest is calculated from the previous coupon date up to, but not including, the settlement date.

Answer 2

Answer:

on due dates fixed in advance