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 | Face value represents the total amount of cash payable to the owner at the bond's maturity date, which can range from 1 to 30 years. | |
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| Wow. Old fart. but okay.... | |
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| Yes Muffins. Now..Coupon rates on newly issued bonds closely follow the level of interset rates in the economy. | |
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| So when a bond's coupon rate is equal to the general level of interest rates prevailing in the economy, the bond's market price will be equal to it's face value? | |
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| Yes cupcake..i mean Ms. Muffins. | |
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| Not a problem. | |
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