CII J12 Practice Questions - CII J12 - Securities Advice And Dealing Exam

In fixed income trading, how is the 'dirty price' of a Gilt or corporate bond calculated from its 'clean price'?

Dirty Price = Clean Price + Accrued Interest Dirty Price = Clean Price - Accrued Interest Dirty Price = Clean Price * (1 + Coupon Rate) Dirty Price = Clean Price / Duration

Correct Answer:

Dirty Price = Clean Price + Accrued Interest

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