Accrued interest rate of a bond formula

Tags: bonds pricing and analysis

Description of the Accrued interest rate of a bond formula

Formula for the calculation of a bond's accrued interest rate.

C C = C N \cdot \frac{n b j_{p c d \to v d}}{n b j_{p c d \to n c d}}

C N

Nominal coupon rate

n b j_{p c d \to n c d}

Number of days between the last coupon date and the next coupon date

n b j_{v d \to n c d}

Number of days between the value date and the next coupon date