Rosita paid a total of $1,189, including accrued interest, to purchase a bond that has 7 of its initial 20 years left until maturity. This price is referred to as the?

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This price is referred to as the dirty price

The actual and current value of a bond is referred to as its "dirty price."

Bonds' present value, or the worth of expected future cash flows, is another term for this concept. A bond's "dirty price" refers to its total price after factoring in accrued interest from the date of its most recent coupon payment until the present. Bond pricing: the quoted price of a bond is known as the "clean price" because it does not include or reflect any interest that has been accrued on the bond since its most recent coupon payment. Bonds are quoted at a "clean price," but investors in the bond market always pay the "dirty price" up until the date the bond must be purchased to get the coupon payment.

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