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Finance > Accrued Interest
The following information is about Accrued Interest.
Accrued Interest Defined
Applies mainly to convertible securities. Interest that has accumulated between the most recent payment and the sale of a bond or other fixed-income security. At the time of sale, the buyer pays the seller the bond's price plus "accrued interest," calculated by multiplying the coupon rate by the fraction of the coupon period that has elapsed since the last payment. (If a bondholder receives $40 in coupon payments per bond semiannually and sells the bond one-quarter of the way into the coupon period, the buyer pays the seller $10 as the latter's proportion of interest earned.)
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First Reliance Announces 3rd Quarter Net Income of $765,178 - Up 31%
Published October 11, 2008, 3:00 pm, PR Newswire via Yahoo! Finance
First Reliance Bancshares, Inc., , the holding company for First Reliance Bank, today announced 3rd quarter 2008 unaudited net income of $765,178, an increase of 31%.
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Published October 11, 2008, 2:09 pm, The News Journal
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McCain, GOP ads rip Obama over Ayers
Published October 11, 2008, 1:51 am, The Washington Times
Sen. John McCain's campaign intensified attacks Friday on his rival's ties to shady Chicago characters such as 1970s bomber William Ayers, but Sen. Barack Obama vowed not to let it distract voters.
Tax increase may hit Connellsville businesses, avoid homeowners
Published October 10, 2008, 10:03 pm, The Uniontown Herald Standard
CONNELLSVILLE - It appears that city homeowners will not see an increase in real estate taxes in 2009, but those that conduct business might not be so lucky, according to budget discussions held Friday by members of council.
IMPAX Files Form 10 Registration Statement
Published October 10, 2008, 3:36 pm, Business Wire via Yahoo! Finance
HAYWARD, Calif.----IMPAX Laboratories, Inc. today announced the completion of the audits of the Company's 2004 through 2007 financial results and that it has filed a Form 10 registration statement with the Securities and Exchange Commission pursuant to section 12 of the Securities Exchange Act.
Mueller Industries, Inc. Repurchases US$122.9 Million of Its 6% Subordinated Debentures at Substantial Discount
Published October 10, 2008, 1:46 pm, PR Newswire via Yahoo! Finance
Mueller Industries, Inc. announced today that it repurchased US$122.9 million principal amount of its outstanding 6% Subordinated Debentures due 2014. In this privately negotiated transaction, the purchase price was at 84 percent of face value.
Northfield Laboratories Inc. Reports Fiscal 2009 First Quarter Financial Results
Published October 10, 2008, 1:44 pm, Business Wire via Yahoo! Finance
EVANSTON, Ill.----Northfield Laboratories Inc. announced today financial results for the first fiscal quarter ended August 31, 2008.
Mueller Industries, Inc. Repurchases $122.9 Million of Its 6% Subordinated Debentures at Substantial Discount
Published October 10, 2008, 1:40 pm, PR Newswire via Yahoo! Finance
Mueller Industries, Inc. announced today that it repurchased $122.9 million principal amount of its outstanding 6% Subordinated Debentures due 2014.
Oil-Dri Announces Record Sales and Record Earning Per Share for the Fiscal Year Ended July 31, 2008
Published October 10, 2008, 1:30 pm, PR Newswire via Yahoo! Finance
Oil-Dri Corporation of America today announced that the combination of increased unit shipments and higher per unit selling prices contributed to record sales and increased earnings for both the fourth quarter and the fiscal year ended July 31, 2008.
Countrywide, BONY reach settlement in bond lawsuit
Published October 10, 2008, 1:22 pm, WAVY 10
WILMINGTON, Del. (AP) - The Bank of New York Mellon and mortgage lender Countrywide Financial have settled a Delaware Chancery Court lawsuit involving Countrywide bondholders.
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