The par value of a bond is equal to its face value.

Name: The par value of a bond is equal to its face value.
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The par value of a bond is indeed equal to its face value. This represents the amount of money that the bond issuer has agreed to pay back to the investor when the bond reaches maturity. In some cases, the par value may be different from the market price of the bond, but they are still equal in terms of representing the value of the bond at the time it was issued.

The Par Value of a Bond Is Equal to Its