Dollars and Jens
Thursday, June 08, 2006
accrued interest
Ah, accrued interest, you wife-beating drunk. The very idea makes me want to slap whoever came up with it; the 30/360 convention makes my head hurt. But the idea that "actual/actual" has two different meanings, when the name looks like it must be the most straightforward convention — that makes me wonder whether it mightn't be worth living in a cave hunting large prey with a big stick.

A bit of a test coming up, I have.

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