To estimate the market value of a publicly traded bond that has a broad market with frequent trading,it is usually best to multiply the number of bonds outstanding by the bond par value.

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The market value of a publicly traded bond is determined by its current market price, which can vary based on factors such as interest rates, credit ratings, and supply and demand. Multiplying the number of bonds outstanding by the bond par value does not take these factors into account and may not provide an accurate estimate of the bond's market value.

To Estimate the Market Value of a Publicly Traded Bond