Examlex
The face value of a bond is also its market value.
Face Value
The nominal or dollar value stated on a security or financial instrument, such as a bond or stock, representing its worth at issuance or par value.
Interest Rate Risk
The risk of investment value changes due to variations in the level of interest rates.
Zero-Coupon
A bond that does not pay periodic interest and is issued at a substantial discount from its face value.
Coupon
The interest rate stated on a bond when issued, which represents the annual interest payment made to the bondholder.
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