When discussing bond prices, it is important to understand the concept of Dirty Price. This term refers to the total price of a bond, which includes both the clean price and the accrued interest since the last coupon payment. Essentially, it is the settlement price of the bond. Knowing this can help investors accurately assess the value of a bond and make informed decisions. So, remember, when it comes to bond prices, the Dirty Price is a key factor to consider.
