CFA Practice Question

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CFA Practice Question

The full price of a bond is defined as ______.

I. the clean price plus accrued interest
II. the agreed upon price plus accrued interest
III. the agreed upon price less accrued interest
IV. the agreed upon price without accrued interest
Correct Answer: I and II

User Contributed Comments 4

User Comment
lijia1 full price(dirty price) = the amount that the buyer pays the seller the agreed upon price for the bond + accrued interest

the agreed upon bond price without accrued interest = clean price
so full price also = clean price + accrued interest?
Rotigga Agreed upon price = clean price
Khadria Full price = Clean Price + Accrued Interest
Clean Price = Agreed upon price
gazelle clean price of a security= agreed upon price without accrued interest.
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