A bond's par value can also be called its:
A) coupon payment.
B) present value.
C) default value.
D) face value

Question

Quizplus · Accepted Answer

Par value refers to the face value or the amount that a bond will be worth at its maturity date. This is the amount that the bond issuer agrees to pay the bondholder at the end of the bond's term, regardless of the bond's market value. Thus, the correct answer is D, face value.

A Bond's Par Value Can Also Be Called Its