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Clean Price

   Also found in: Wikipedia 0.02 sec.
Clean price
Bond price excluding accrued interest.

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

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.


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