BOND PRICING
Dirty Price
Gives the full settlement price including coupon interest earned since the last coupon date.
Formula
Dirty price = Clean price + Accrued interest
Variables: Clean price; Accrued interest
What it means
Gives the full settlement price including coupon interest earned since the last coupon date.
Example
A clean price of 99.20 plus 1.10 accrued interest produces a dirty price of 100.30.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Formulas
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.