The annual interest on a bond is 4 1 2 of its face value and amounts to $225 What is the face value of the bond ...

The annual interest on a bond is 4 1/2% of its face value and amounts to $225.

Question:

The annual interest on a bond is 4 1/2% of its and amounts to $225. What is the of the bond?
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...