The relevant sale or invoice price of a bond to the buyer, which adds the accrued interest to the quoted price, is its:

Question

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The relevant sale or invoice price of a bond to the buyer, which adds the accrued interest to the quoted price, is called dirty price. The dirty price represents the full price that the buyer pays, which includes the agreed-upon price of the bond plus the accrued interest from the last coupon date until the settlement date.

The Relevant Sale or Invoice Price of a Bond to the Buyer