U.S.Savings Bonds are sold at a discount.The face value of the bond represents its value on its future maturity date.Therefore,

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U.S. Savings Bonds are sold at a discount and their value increases over time until they reach their face value at maturity. Therefore, a bond with a longer maturity period (10 years) will be sold at a lower price compared to a bond with a shorter maturity period (5 years) because it takes longer for the bond to reach its face value.

USSavings Bonds Are Sold at a Discount