A stupid question on T-bonds and T-notes

Lets say someone, A, buys a t-note right when it is first issued, then one day before the interest paying day, he sells it to a person B, who gets to collect the interest?When B will get his interest? What is the result of the same logic applied to a dividend paying stock?

 

you have to pay the previous owner of the security the portion of the dividend due for the time he owned it up to the day before settlement.

 

So you dont have to wait for six months to get the interest/earnings on treasuries and whatever time period for dividends?You always get the proportional amount based on the holding period?

 

When someone buys a bond,they pay for the bond plus the interest accrued.

 

if it is after the exdividend date, and you hold it long enough to reach said date. if it is before the date, you have to pay the other person the premium for the dividend.

not a stupid question man.

 

If you are thinking you can arbitrage the dividends on common stocks...you can't. Does that answer your question?