I noticed that when I try to invest in a bond, the amount I have to pay is slightly higher than expected. Someone mentioned it’s because I’m buying mid-cycle. Why does that happen, and do I get that extra amount back later?
I noticed that when I try to invest in a bond, the amount I have to pay is slightly higher than expected. Someone mentioned it’s because I’m buying mid-cycle. Why does that happen, and do I get that extra amount back later?