Chamaine6241 Chamaine6241

07-07-2017
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A $1,000, 8% bond sells for 980. $1,000 is called the ________

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meerkat18 meerkat18

18-07-2017

The correct word to fill in the blank is:

Par Value

Also called face value, the par value refers to the bond value as stated in the bond certificate. This is the value of the bond in which the issuer will redeem at the time of maturity.

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