Definition of Ex-interest

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TeachMeFinance.com - explain Ex-interest




historic definition...

Ex-interest -- Without interest or not including interest. Registered bonds sell ex-interest the same as stocks sell exdividend when the books are closed (see Books closed). If a registered bond , say a 4 per cent bond with the interest payable semi-annually, is selling at 98 while a coupon bond of the same issue is selling at 100 it is because interest goes with the coupon bond while it does not go with the registered bond.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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