A corporate bond sold in 2000 with a face value of $10,000, a $100 coupon, and a maturity date in 2010

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A corporate bond with a face value of $10,000, a $100 coupon, and a maturity date in 2010 will pay the bondholder $100 a year every year from 2000 to 2010 and will also pay the bondholder $10,000 in 2010. This is the typical structure for a corporate bond, where the coupon payments represent an annual interest payment to the bondholder and the face value represents the principal that is paid back at maturity.

A Corporate Bond Sold in 2000 with a Face Value