During the presentation, one of the clients is confused about the fact that some of these bonds

Question:

During the presentation, one of the clients is confused about the fact that some of these bonds sell for less than their face value while others sell at a premium. She asks whether the cheaper bonds are a bargain. How should Jill go about clearing up her confusion?

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...

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