A bond that pays 10% interest compounded annually on a $1,000 face value will mature in 20
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Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
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PMT An annuity of 20 annual interest payments of 100 each FV Face ...View the full answer
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