Corporate bonds usually have a ________.
market price of $1,000 |
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specified coupon rate paid annually |
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par value of $1,000 |
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face value of $5,000 |
Par value of corporate bond is mostly $1,000. These are small in value to encourage liquidity of the small corporate bonds.
Hence, correct option is “par value of $1,000”
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Corporate bonds usually have a ________. market price of $1,000 specified coupon rate paid annually par...
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