The fact that the face value of a bond does not change over the life of the

Question:

The fact that the face value of a bond does not change over the life of the bond is generally considered a benefit to the borrower. Can you explain why?

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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