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Clean Price

   Also found in: Wikipedia 0.01 sec.
Clean price
Bond price excluding accrued interest.

Clean Price
The price of a coupon bond that does not include any interest that accrues. That is, a clean price is the price of a bond discounting future cash flows. Because the dirty price does include interest between coupon payments, the dirty price and the clean price will equal each other only immediately following a coupon payment. Most American exchanges use the clean price when quoting bond prices.

clean price
The price of a bond without accrued interest. Compare dirty price.


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Topics covered in the course: --Concept of a bond --Bond types --Bond conventions --Understanding the bond market --Dirty price and clean price --Calculating price and yield For more information visit http://www.
 
 
 
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