1.   Holders tendering Notes will also receive accrued and unpaid interest up to, but not including, the payment date.

2.   It also assumes that there is an even number of coupon payment dates remaining before maturity.

3.   If there is an odd number of coupon payment dates before maturity, the formula in becomes.

4.   On the coupon payment date, the clean and dirty prices are the same and accrued interest is zero.

5.   Between the coupon payment date and the next ex dividend date, the bond is traded cum dividend, so that the buyer gets the next coupon payment.

6.   The interest accruing between X and C takes the net accrued interest back to zero on the coupon payment date.

7.   But the system automatically reduced those profits every day as the payment date got closer.

8.   Consumers should also watch credit card payment dates.