Glossary
Par value
The amount repaid at maturity, conventionally $1,000 for corporate bonds. A bond trades above par when its coupon beats current yields and below par when it does not, which is the entire mechanism of bond price movement.
Glossary
The amount repaid at maturity, conventionally $1,000 for corporate bonds. A bond trades above par when its coupon beats current yields and below par when it does not, which is the entire mechanism of bond price movement.