We know that a vanilla bond that has a coupon rate which is below the market rate of interest will sell for a discount and that a vanilla bond which has a coupon rate above the market rate of interest will sell for a premium What kind of bond or loan will sell at its par value regardless of what ha...

A bond that pays a variable coupon rate that moves up and down with ...

We know that a vanilla bond that has a coupon rate which is below the market rate

Question:

We know that a vanilla bond that has a rate which is below the market rate of interest will sell for a discount and that a vanilla bond which has a rate above the market rate of interest will sell for a premium. What kind of bond or loan will sell at its regardless of what happens to the market rate of interest?

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... 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,...