Accrued Interest

["Mark L. Copper" <ad8854 wayne edu>]

> I was thinking that issue should be the date of the last interest
> payment, settlement should be the date of the next interest payment,
> first_interest should be the date that you are accuring on, and
> frequency would be the number of interest payments in the year.

Watch out on the settlement date--that should be the date the bond is
actually paid for (a couple days after the trade date). Fabozzi's
"Handbook of Fixed Income Securities" is a good ref. So is his shorter
"Bond Markets...".

Mark Copper