Price of for a bond could be different from its par value.

來源: 2023-11-01 12:18:19 [博客] [舊帖] [給我悄悄話] 本文已被閱讀:

https://treasurydirect.gov/marketable-securities/understanding-pricing/?

The price for a bond or a note may be the face value (also called par value) or may be more or less than the face value. The price depends on the yield to maturity and the interest rate.

If the yield to maturity is the price of the bond or note will be
greater than the interest rate less than par value
equal to the interest rate par value
less than the interest rate more than par value