- CFA Exams
- CFA Level I Exam
- Topic 7. Derivatives
- Learning Module 31. Pricing and Valuation of Forward Commitments
- Subject 5. Pricing Fixed-Income Forward and Futures Contracts
CFA Practice Question
When buying a bond, one must pay the _____ price.
II. clean
III. full
I. dirty
II. clean
III. full
Correct Answer: I and III
Both I and III include the accrued interest.
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