The par value of a bond [blank].

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The par value of a bond generally refers to the face value of the bond, which is the amount that the issuer promises to pay at the maturity date of the bond. In most cases, this par value is set at $1000. It is important to note that the par value of a bond is not necessarily the same as its market value, which can vary depending on a number of factors, including prevailing interest rates, the creditworthiness of the issuer, and the time remaining until maturity. The par value is also different from the coupon rate, which is the annual interest rate paid on the bond. Finally, while the par value is not returned to the bondholder when the bond matures, the investor does receive the full amount of their initial investment, plus any interest payments that have accrued over the life of the bond.

The Par Value of a Bond [Blank]