dirty price investment & finance definition
The price of a bond including accrued interest. Compare clean price.
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The dirty price of a bond represents the value of a bond, exclusive of any commissions or fees. The dirty price is also called the "full price" or the "all in price."
Contents
1 Bond Pricing
2 Example
3 Footnotes
4 References
5 See also ...
Dirty price: The dirty price is the total amount you pay when you purchase a bond. It is the clean price of the bond plus any interest that has accrued since the last coupon payment date.
dirty price
Price of a bond including accrued interest. May also be called the all-in price.
discos ...
Also called dirty price, the price of a bond including accrued interest.
Fund family ...
dirty price Definition: The quoted bond price, including the accrued interest. (Cf. clean price.)
Application: In certain non-U.S. bond markets, if you ask your broker a bond's price, he quotes the dirty price.
The discount rate that equates the present value of the future cash flows to the dirty price, where the cash flows take into account the bond's amortization schedule.
Full price
Also called dirty price; the price of a bond including accrued interest. Related: Flat price.
The price for bonds ignores this element and quotes the price of bonds without accrued interest - it's said to be a 'clean price' as opposed to a 'dirty price', which includes accrued interest.
Related: Rally Dirty price Related: Full price Discount Referring to the selling price of a bond, a price below its par value.
dirty price. Related: Full price Disclaimer of opinionAn auditor's statement disclaiming any opinion regarding the company's financial condition. DiscountReferring to the selling price of a bond, a price below its par value.
 See also: Interest, Bonds, Market, Interest Rate, Issue
  
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