201. The present value of a bond is also known as its A)face value. B)market price. C)future value. D)deferred value.

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The present value of a bond is the current market price that an investor is willing to pay for that bond. The face value of a bond is the amount that will be paid back to the investor at maturity. The future value refers to the value of the bond at the end of its term, and the deferred value is not a commonly used financial term.