Homework Answers
Answer
- Face Value
--Face Value is the bond value that is mentioned on the bond certificate.
--This is that amount on which contractual interest is paid to the investor.
--face value is also known as par value of the bond. - Contractual interest rate
--This is the annual interest rate mentioned in the bond certificate.
--Interest to the investors of these bonds will be paid as per this interest rate. - Bond certificate
--This is the formal document, given to the investor of the bond, as a proof their investment.
--It contains all the terms and conditions.
--Face Value and contractual interest rate, interest payment interval, etc, all are mentioned in this.
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