Par: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 21/8/13) |
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1. The face value of an interest bearing instrument. | 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). | 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. | |||
2. | |||
The value of an ordinary share (or a unit of common stock) for legal purposes. | |||
== See also == | == See also == | ||
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* [[Par yield]] | * [[Par yield]] | ||
* [[Redemption]] | * [[Redemption]] | ||
Revision as of 14:16, 21 August 2013
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.
