Web www.software-risk.co.uk

A conventional unit of measure for bond prices set at $1 and equivalent to 1% of the $100 face value of the bond. A price of 80 means that the bond is selling at 80% of its face or par value.

Copyright © 2005, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.

Related Articles
Series
Premium
Par value
Face value
Dollar price of a bond
Dividend rate
Discount securities
Discount payment

Similar Areas

Finance Items

Selected Books

Keywords

Bond points

unit of measure

bond prices

face value

par value