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ICMA FMFQ Exam - Topic 6 Question 64 Discussion

Actual exam question for ICMA's FMFQ exam
Question #: 64
Topic #: 6
[All FMFQ Questions]

The dirty price of a bond is which of the following:

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Suggested Answer: B

by Moon at Aug 25, 2024, 08:45 AM

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Dominga
5 months ago
B makes the most sense, but I’m still a bit confused!
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Karl
5 months ago
Really? I always thought dirty price was just the clean price.
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Tresa
5 months ago
Wait, I thought it was about trading commissions?
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Dianne
6 months ago
Totally agree, B is the right answer!
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Moira
6 months ago
Dirty price is clean price + interest from last coupon date.
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Ivette
6 months ago
I definitely remember that the dirty price is higher than the clean price because it includes accrued interest. I think it's option B, but I should double-check my notes.
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Jannette
6 months ago
I feel like the dirty price has to do with the clean price plus something, but I can't recall if it's trading commissions or interest. I might need to think this one through.
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Lauryn
7 months ago
I remember practicing a question like this, and I think the dirty price includes the interest accrued since the last coupon payment. So, I might go with option B.
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Jina
7 months ago
I think the dirty price is related to the clean price plus some interest, but I'm not sure if it's from the last coupon or until the next one.
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Janine
7 months ago
Easy one! The dirty price is the clean price plus the interest accrued since the last coupon payment. C is the way to go.
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Roosevelt
7 months ago
The dirty price is the full amount the buyer pays, which includes the clean price plus any accrued interest. So the correct answer is B.
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Filiberto
7 months ago
Hmm, I'm a bit confused on the difference between dirty and clean price. I'll need to review my notes on bond pricing before answering this.
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Lashawna
7 months ago
I'm pretty sure the dirty price includes the accrued interest since the last coupon payment, so I think the answer is C.
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Evan
7 months ago
Hmm, I'm a bit confused on the difference between the processes in this level. I'll need to review my notes to make sure I understand them properly.
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Janey
2 years ago
Bond pricing, huh? I'd rather be pricing my fantasy football lineup. But I digress, C is the way to go.
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Colette
2 years ago
No, it's definitely C. Trust me.
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Maurine
2 years ago
I think it's B, actually.
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Fanny
2 years ago
I agree, C is the correct answer.
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Jolene
2 years ago
I think it's the clean price plus trading commissions, as those are part of the total cost of buying the bond.
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Yuki
2 years ago
I agree with Glory, the dirty price includes the interest for the period until the next coupon payment.
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Glory
2 years ago
No, I believe it's the clean price plus interest from settlement until the next coupon payment date.
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Aide
2 years ago
I think the dirty price of a bond is the same as the clean price.
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Myra
2 years ago
Dirty price? Sounds like something my dog would roll in. Anyway, I'm going with C. Clean price plus that interest thingy.
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Diane
2 years ago
Ugh, I always get these bond pricing questions mixed up. Let me think...I think C is the right one, but I'm not totally sure.
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Eric
2 years ago
Oh, I see. Thanks for clarifying that, I always get confused with bond pricing too.
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Sylvie
2 years ago
Actually, it's B. The dirty price is the clean price plus the interest of the period from the last coupon payment date.
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Sheldon
2 years ago
I agree, C seems to be the most logical choice for the dirty price calculation.
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Stefania
2 years ago
I think C is correct, it includes the interest from settlement until the next coupon payment date.
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Shanda
2 years ago
Clearly the dirty price is the clean price plus the accrued interest until the next coupon payment. C is the correct answer.
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Tamesha
2 years ago
So, the answer is C then. Clean price + interest of the period from settlement until the next coupon payment date.
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Margarita
2 years ago
Yes, that's correct. It's the clean price plus the interest from settlement to the next coupon payment date.
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Karina
2 years ago
I think the dirty price includes the accrued interest until the next coupon payment.
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