Series 50: Flat Price

Taken from our Series 50 Online Guide

Flat Price

Bonds are quoted at a flat price, also called a clean price, which means accrued interest is not factored into the quote. However, bonds are usually traded at a dirty price, which includes accrued interest.

Clean prices are more stable, and when they change, they do so for some economic reason, such as rising or falling interest rates or

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