Definition
The principal amount a bond issuer promises to repay at maturity.
Why it’s relevant today
Bond prices often trade above or below their face value.
Why it matters
Face value anchors coupon payments and final repayment.
The principal amount a bond issuer promises to repay at maturity.
Bond prices often trade above or below their face value.
Face value anchors coupon payments and final repayment.
Discussion
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