Par: Difference between revisions
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== See also == | == See also == | ||
* [[Converting from par rates]] | |||
* [[Coupon rate]] | * [[Coupon rate]] | ||
* [[Deep discount issue]] | * [[Deep discount issue]] | ||
Latest revision as of 23:47, 24 February 2025
1.
The face value of an interest bearing instrument.
A bond whose market yield is equal to its coupon rate trades in the market at a value of par (= the face value).
2.
The value of an ordinary share (or a unit of common stock) for legal purposes.
