Which of the following formulas is incorrect?
A) Invoice price = dirty price
B) Clean price = dirty price - accrued interest
C) Accrued interest = coupon amount ×
D) Cash price = clean price + accrued interest

Question

Which of the following formulas is incorrect?
A) Invoice price = dirty price 
B) Clean price = dirty price - accrued interest 
C) Accrued interest = coupon amount × 
D) Cash price = clean price + accrued interest

Quizplus · Accepted Answer

C) Accrued interest = Coupon Amount × (days since last coupon payment/days in current coupon period)

Which of the Following Formulas Is Incorrect