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- Application of existing positions to new Accrued Bond Interest
Application of existing positions to new Accrued Bond Interest
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ACCLIGHT
Level 3
06-30-2023
12:00 AM
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An existing bond position is added to with the exact same bond issue. The new position has no interest for the year but the existing position has sufficient interest to cover the accrued interest on the new purchase. Can the accrued interest from the newly bought position be applied against the interest from the preexisting position?
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