CALCULATING CLEAN AND DIRTY PRICE IN INTEREST-BEARING BONDS AND QUOTING SYSTEMS

Georgi Georgiev

Abstract


Abstract: The paper illustrates in detail the mechanism and the specificity of corporate and government interest-bearing bonds quoting on US and European financial markets. Dependencies between bond prices, interest coupon and market yields are presented. The process of calculating clean and dirty price in interest-bearing bonds is clarified.

Keywords: interest-bearing bond, clean and dirty price, bond quoting


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References


Bodie Z., A. Kane and Alan J. Marcus, “Essentials of Investments”, 9th Edition, McGraw-Hill Education 2012.

Bodie Z., A. Kane and Alan J. Marcus, “Investments“, McGraw-Hill/Irwin; 9 edition 2010.

http://cbonds.com/quotes

http://investment-income.net/rates/foreign-world-bonds

http://www.wallstreetsurvivor.com/starter-guides/bond-quotes

Munk Claus, Fixed Income Analysis. Securities, Pricing and Risk management, University of Southern Denmark 2003.


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