Bonds, Instructor's Manual

b.The par value is the nominal or face value of a stock or bond. The par value of a bond generally represents the amount of money that the firm borrows and promises to repay at some future date. The par value of a bond is often $1,000, but can be $5,000 or more. The maturity date is the date when the bond's par value is repaid to the bondholder. ................
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