Several coupons, one for each scheduled interest payment, were printed on the certificate. The par value of a bond is the amount that the issuer agrees to repay to the bondholder at the time of maturity of the bond. Pearson Prentice Hall.
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For obvious reasons, coupon bonds present a wide range of fraud and tax evasion opportunities, so they are nearly unheard of today. In book entry bonds , the investor gets receipts instead of certificates. This means that bondholder of this bond will get USD The ABC's of Stocks.
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