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Brokers quote the dirty price, found by adding the clean price and accrued interest since that day. If the bond's last coupon payment was made on 1 June, on 1 September, the dirty price is: Clean Price + Accrued Interest (where accrued interest is the interest accumulated from 1 June to 31 August on the bond according to its coupon rate.)
In finance, the dirty price is the price of a bond including any interest that has accrued since issue of the most recent coupon payment. This is to be compared with the clean price , which is the price of a bond excluding the accrued interest .
The price of a bond which includes this accrued interest is known as the "dirty price" (or "full price" or "all in price" or "Cash price"). The "clean price" is the price excluding any interest that has accrued. Clean prices are generally more stable over time than dirty prices.
Continue reading → The post Bond Price vs. Yield: Key Differences appeared first on SmartAsset Blog. ... This number indicates what the bond will be worth at maturity, and it’s also used to ...
Here Face value is the face value of the bond, and Clean price is the clean price of the bond (i.e. present value of the bond with accrued interest subtracted). Formula for adjusted current yield [ edit ]
The price excluding accrued interest is known as the "flat" or "clean price". Most government bonds are denominated in units of $1000 in the United States, or in units of £100 in the United Kingdom. Hence, a deep discount US bond, selling at a price of 75.26, indicates a selling price of $752.60 per bond sold.
The current yield, interest yield, income yield, flat yield, market yield, mark to market yield or running yield is a financial term used in reference to bonds and other fixed-interest securities such as gilts. It is the ratio of the annual interest payment and the bond's price:
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