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Bond Price and Quotes

1Bid Price _____The different between the bid price and asked price
2Ask Price _____The price a dealer is willing to pay for a security
3Bid-Ask Spread _____The price a dealer is willing to take for a security
4Clean Price _____The price of a bond including accrued interest, also known as the full or invoice price. This is the price the buyer actually pays
5Dirty Price _____The price of a bond net of accrued interest; this is the price that is typically quoted

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