Par: Difference between revisions
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imported>Doug Williamson m (Spacing 21/8/13) |
imported>Doug Williamson (Classify page.) |
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[[Category:Accounting,_tax_and_regulation]] | |||
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Latest revision as of 22:36, 3 August 2020
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.
