What Was the Impact of the Enactment of PC1003

question 30

Short Answer

What was the impact of the enactment of PC1003?

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Definitions:

Par Value

Par Value is the face value of a bond or stock as stated by the issuer, which might not reflect its market value.

Yield To Maturity

The total return expected on a bond if held till its maturity date, including both interest payments and capital gains or losses.

Yield To Call

The rate of return on a callable bond if the bond is redeemed by the issuer before its maturity date, considering both interest payments and the capital gain or loss incurred.