Question
Suppose a bond's clean price is $1,050, and the bond currently has accrued interest of $30. What is the dirty price?
Multiple choice question.
$1,080
$1,030
$1,050
$1,020
Multiple choice question.
$1,080
$1,030
$1,050
$1,020
Answers
GPT-4o mini
The dirty price of a bond is calculated by adding the clean price and the accrued interest.
Given:
- Clean Price = $1,050
- Accrued Interest = $30
So, the dirty price can be calculated as follows:
\[
\text{Dirty Price} = \text{Clean Price} + \text{Accrued Interest}
\]
\[
\text{Dirty Price} = 1,050 + 30 = 1,080
\]
Therefore, the dirty price is **$1,080**.
Given:
- Clean Price = $1,050
- Accrued Interest = $30
So, the dirty price can be calculated as follows:
\[
\text{Dirty Price} = \text{Clean Price} + \text{Accrued Interest}
\]
\[
\text{Dirty Price} = 1,050 + 30 = 1,080
\]
Therefore, the dirty price is **$1,080**.