Lux Investing
How can I calculate income from bonds investing?
I buy a bond now and that bond was issued on 03/15/2007, so the last coupon payment was on 09/15/2008 and the next one is on 03/15/2009 when the bond matures. My question is do I receive the whole coupon payment on 03/15/2009 and the principle also? Than you!
Public Comments
- If you buy the bond now, as part of the transaction, you will be paying off the past holder his part of the interest due. Then at the next coupon payment, you will get the whole thing. If the bond matures on 3/15/09, (which is really short for a bond - 1 1/2 years) . .anyway, as the holder, you get the face value at maturity.
