The par value of a bond is the value of that bond at its maturity. It represents what the firm must pay the bondholder when the bond matures.

Name: The par value of a bond is the value of that bond at its maturity. It represents what the firm must pay the bondholder when the bond matures.
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This statement is true. The par value, also known as face value or principal value, is the amount that the issuer of the bond promises to pay the bondholder when the bond matures.

The Par Value of a Bond Is the Value of That