Odd Coupon
債券一般會定期派發票息,比如多數美國公債每半年付息一次。在某些情況下,債券首次或最後一次派發票息的計息期會長於或短於正常計息期,這種情況稱為“異常票息”。
This occurs when the first or last coupon period is longer or shorter than the normal coupon period.
Bondsareregularlyscheduledtobepaidout,suchasthemajorityoftheU.S.governmentbondspayinterestonceayear.
Insomecasesbondfirstorlastsentinvoiceinformationofinterestperiodwaslongerorshorttonormalinterestperiod,thesaid"abnormalcoupon".