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The par value of a bond, also called the face amount or face value, is paid at a stated future date, known as the bond's

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The par value of a bond, also called the face amount or face value, is paid at a stated future date, known as the bond's date When the contract rate of the bonds is higher than the market rate, the bond sells at a higher price than par value. The amount by which the bond price exceeds par value is the on bonds. premium O market O discount O amortization

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