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Dear sir
Can you help me in calculating accrued interest as I came across this topic while doing property income. The question is
Ahmed purchased £10,000 ( nominal value) gilts, paying interest at 2% for £11,000 on 1 June 2016 . interest is payable half yearly on 31 march and 30 September. He sold gilts on February 28 2017 for £11,700(including accrued interest)Sorry to keep you waiting but I have been on vacation for a few days – in which time I hope you have referred to the OT notes chapter 2 section 2.3 on page 9. If there is still some part of the answer to the problem that you do not understand then let me know your specific problem with it.
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