Examlex
Which of the following statements is true:
Par-Value
The face value of a bond or stock, representing the amount that the issuer agrees to repay at maturity or the nominal value of a share, respectively.
Duration
A measure of the sensitivity of a bond's price to changes in interest rates, essentially a weighted average of the time until cash flows are received.
Coupon Bond
A type of bond that pays the holder a fixed interest payment (coupon) at regular intervals until the maturity date, when the principal amount is repaid.
Maturity
The expiration date of a financial instrument, at which point the principal (and all remaining interest) is due to be paid.
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