Series 7 Exam Prep 88, Accrued Interest and Bond Settlement

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - That the buyer of a bond pays the accrued interest to the seller. - How to calculate the accrued interest period: from the last coupon date up to, but not including, the settlement date. - The difference between the 30/360 day count for corporate and municipal bonds and the actual/actual day count for U.S. government bonds. - That most bond transactions, including corporate, municipal, and government, settle one business day after the trade date (T+1). - To watch for common exam traps like being given the trade date versus the settlement date and applying the wrong day-count convention. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep