Par and Par bond: Difference between pages

Revision as of 14:15, 21 August 2013

A bond redeemable at par which is currently trading at a market price equal to its par value.

The current market yield on the par bond is therefore equal to its coupon rate.

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+A bond redeemable at par which is currently trading at a market price equal to its par value.
-The face value of an interest bearing instrument.
+The current market yield on the par bond is therefore equal to its coupon rate.
-A bond whose market yield is equal to its coupon rate trades in the market at a value of par (= the face value).
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-The value of an ordinary share (or a unit of common stock) for legal purposes.
 == See also ==
+* [[Bond]]
 * [[Coupon rate]]
-* [[Deep discount issue]]
+* [[Par]]
-* [[Face value]]
-* [[Nominal value]]
-* [[Par bond]]
-* [[Par yield]]
-* [[Redemption]]