What term describes the price of treasury notes and bonds excluding any accrued interest?

Bond Markets MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

PPSCFPSCNTSPakistan govt jobs
Subject
Bond Marketsfinance-mcqs › bond-markets
Published
10 Apr 2023
Last updated
28 May 2026

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Explanation

The price of treasury notes and bonds that does not account for accrued interest is known as the clean price. The full or dirty price includes the accrued interest, whereas the clean price excludes it.

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