Suppose that you purchased a debt obligation three years ago at its par value of $100,000 and

Question:

Suppose that you purchased a debt obligation three years ago at its of $100,000 and nine years remaining to maturity. The market price of this debt obligation today is $90,000. What are some reasons why the price of this debt obligation could have declined from time you purchased it three years ago? 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,...