In theory (disregarding any other marketplace variables),the proceeds from the sale of a bond will be equal to the

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The proceeds from the sale of a bond will be equal to the present value of the bond maturity value plus the present value of the interest payments to be made during the life of the bond. This is because investors are willing to pay a price for the bond that reflects the present value of the future cash flows they will receive from it. The face amount of the bond and the periodic interest payments are simply components of those cash flows.

In Theory (Disregarding Any Other Marketplace Variables),the Proceeds from the Sale