IVP (India) Fund Accountant Interview Questions and Answers

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Q1. Journal entries and finance questions
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Q1. What is dirty price
Ans. 
Dirty price is the price of a bond including accrued interest.
• Dirty price includes both the current market price of the bond and the accrued interest since the last coupon payment.

• It is also known as the full price or invoice price of a bond.

• Dirty price is used to calculate the total cost of purchasing a bond.

• For example, if a bond has a face value of $1,000 and the accrued interest is $20, the dirty price would be $1,
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