Ok, so Dirty Price = Clean Price + Accrued Interest In calculating Accrued Interest, do you just take the coupon and multiply by Number of Days since last coupon payment divided by total days between coupon payments? So, say there is a $50 coupon, and it has been 60 days since the last coupon payment, and coupons are paid semiannually (180 days using the 360 day convention), you would say the accrued interest is $50 * 60/180 = $16.67 accrued interest
Looks like you have it to me. There are other day count conventions, but I think they’re sticking with the actual/actual for the most part.
I thought we do present value of coupon? I hate life
Boost has it right. Life does suck, but eventually you get your charter. Then it still sucks but you get new business cards.
JoeyDVivre Wrote: ------------------------------------------------------- > Boost has it right. Life does suck, but > eventually you get your charter. Then it still > sucks but you get new business cards. 
Ali Man, P.Eng., CFA, MBA, Anal.F I can see it now!