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Bond market values are expressed as a percentage of their par (face) value. For example, a company's bonds might be trading at 103, which means

Bond market values are expressed as a percentage of their par (face) value. For example, a company's bonds might be trading at 103, which means that they can be bought or sold for of their par value. O 100.3% O 10.3% O 103% O 0.103%
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Bond market values are expressed as a percentage of their per (foce) value. For example, a company's bonds might be trading at 103 , which means that they cam be bought or sold for of their par value 10037 10.32 103% 0.03x

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