If a bond pays $1,000 plus interest at maturity, $1,000 is called the
A) stated value.
B) market value.
C) par value.
D) long-term value.

Name: If a bond pays $1,000 plus interest at maturity, $1,000 is called the A) stated value. B) market value. C) par value. D) long-term value.
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Question

Quizplus · Accepted Answer

The term used to describe the principal amount that is paid back at maturity on a bond is "par value." Therefore, the correct answer is (C) par value.

If a Bond Pays $1,000 Plus Interest at Maturity, $1,000