Asked by
Chun Hong Leung
on Oct 20, 2024
Verified
The invoice price of a bond is the ________.
A) stated or flat price in a quote sheet plus accrued interest
B) stated or flat price in a quote sheet minus accrued interest
C) bid price
D) average of the bid and ask price
Invoice Price
The price initially set by the manufacturer or provider for a product or service, usually before any discounts or increases for market forces.
Accrued Interest
Interest that has accumulated on a bond since the last interest payment was made but has not yet been paid to the bondholder.
Quote Sheet
A document or digital view listing the price quotes for various financial instruments or commodities, often used in trading.
- Comprehend the foundational elements of bond pricing, yields, and returns.
Verified Answer
VR
Learning Objectives
- Comprehend the foundational elements of bond pricing, yields, and returns.