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Accrued Interest(1) The dollar amount of interest accrued on an issue, based on the stated interest rate on that issue, from its date to the date of delivery to the original purchaser. This is usually paid by the original purchaser to the issuer as part of the purchase price of the issue;
(2) Interest deemed to be earned on a security
but not yet paid to the investor. |
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REMARKS: |
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| Bond funds including mutual funds (open-end and closed-end, actively managed and indexed), exchange-traded funds and unit investment trusts offer a convenient and affordable way to invest in a diversified portfolio of bonds, but a bond fund investment can differ from a bond investment in ways that are important to understand. Many bond funds make monthly or quarterly ?dividend? payments, as opposed to the semiannual payment schedule common to most bonds. | ||||||||
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