固收

问题如下：

A bond is traded in between its coupon payment dates. Which of the following is true?

选项：

A.

The buyer must pay the full price plus the accrued interest.

B.

The bond’s quoted price is greater than its flat price.

C.

Accrued interest is not included in the flat price.

解释：

C is correct. The flat price, quoted by bond dealers, is the full price less accrued interest. Accrued interest is not included in the flat price.

A is incorrect. The buyer must pay the full price, which already includes accrued interest.

B is incorrect. The flat price is the quoted price.