Elliot holds a bond in a health care company that matures after a period of ten years. Taken together with the interest on the principal amount, on maturity, Elliot will receive a sum of $55,000, which is the bond's _____.

Social Studies · High School · Tue Nov 03 2020

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The sum of $55,000 that Elliot will receive on the maturity of the bond, including both the principal amount and the interest, is known as the bond's "face value" or "par value." The face value represents the amount that the bond issuer agrees to pay back to the bondholder at maturity. In this case, Elliot's bond has a face value of $55,000.








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