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Accounting
Banking

Gross Basis

The basis amount that results from the difference between the current clean price of a bond and the clean price...

Clean Price of Bond

The quoted price of a bond. Adding accrued interest to the quoted price gives the so-called dirty price. The dirty...

Next Accrued Interest

The net interest accrued on a bond since its last ex-dividend date. The following formula is usually used to calculate...