How does a bonds Par value differ from its market value?

How does a bond’s Par value differ from its market value?

Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...

This problem has been solved!

Do you need an answer to a question different from the above? Ask your question!
Related Book For answer-question

Cornerstones of Financial and Managerial Accounting

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

ISBN: 978-1111879044