Bond Dirty Price Calculator

What is Bond Dirty Price?

The dirty price of a bond is the total price paid for a bond, including both the clean price (the quoted price) and the accrued interest (interest that has accumulated since the last coupon payment).

How to Use This Calculator

1. Enter the clean price of the bond in the first input field
2. Enter the accrued interest in the second input field
3. Click the "Calculate" button to compute the dirty price
4. The result will be displayed in the blue box on the right

Understanding Bond Pricing

The dirty price gives investors the full value they're paying for the bond, including any interest that has accrued but not yet been paid. This is important when comparing bond prices between different settlement dates.

Formula

Dirty Price = Clean Price + Accrued Interest

Example

If a bond has a clean price of $950 and $12 of accrued interest, the dirty price would be $950 + $12 = $962.