Distinguish between the par value and the issue price of a bond. When are they the same?
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Distinguish between the par value and the issue price of a bond. When are they the same? When are they different? Explain. If a \($5,000\) bond is sold for 101, how much cash is paid/received?
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The par value of a bond also known as face value or nominal value is the amount of money the issuer ...View the full answer
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