With regard to Dirty Price and Clean Price of a bond, which of the following statement is most correct?单项选择题

A

U.S. bond market quotes bond in Clean Price; buyer of bond pays at Clean Price.

B

U.S. bond market quotes bond in Clean Price; buyer of bond pays at Dirty Price.

C

U.S. bond market quotes bond in Dirty Price; buyer of bond pays at Clean Price.

D

U.S. bond market quotes bond in Dirty Price; buyer of bond pays at Dirty Price.

E

U.S. bond market transactions between seller and buyer are settled as the “net present value of the bond’s cash flows” and this method applies to transaction dates even if it is in between two coupon dates.

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