16 May

Accrued Interest (clean vs. dirty price) - 8 min screencast

by David Harper, CFA, FRM, CIPM

This is a brief screencast example of computing accrued interest on a coupon-bearing bond. A few definitions:

The full (a.k.a. dirty or invoice) price is paid by buyer to seller. It includes the accrued interest (fraction of next coupon earned by seller)
The clean price (a.k.a., price) is the full price minus (-) the accrued interest

Here is the screencast:

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Accrued Interest (clean vs. dirty price) - 8 min screencast

by David Harper, CFA, FRM, CIPM

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