SAIFM RPE Bond Market Practice Questions - SAIFM Registered Persons Examination (RPE) - Bond Market Module Exam

How is the clean price of a South African fixed-income bond defined in market quotes?

The price of the bond excluding any accrued interest The price of the bond including accrued interest to settlement date The discounted par value minus tax withholdings The redemption value payable at final maturity date

Correct Answer:

The price of the bond excluding any accrued interest

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