What Is the Difference Between a Bond's Face Value and Its

question 21

Multiple Choice

What is the difference between a bond's face value and its par value?

• A) The face value is the initial price; the par value is the value at maturity.
• B) The par value is the initial price; the face value is the value at maturity.
• C) The face value is the par value plus the interest on the loan.
• D) The par value is the face value plus the interest on the loan.
• E) There is no difference.

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