Whether a bond is sold at a discount or a premium,its carrying value will not equal its face value on the maturity date.

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The carrying value of a bond sold at par (face value) will equal its face value on the maturity date, because no discount or premium is involved. However, if a bond is sold at a discount, its carrying value will be lower than its face value on the maturity date, and if it's sold at a premium, its carrying value will be higher than its face value on the maturity date.

Whether a Bond Is Sold at a Discount or a Premium,its