Bonds and Their Valuation
Key Features of a Bond
1.        Par value: Face amount; paid         at maturity. Assume $1,000.2.        Coupon interest rate: Stated         interest rate. Multiply by par         to get $ of interest. Generally         fixed.
3.        Maturity: Years until bond        must be repaid. Declines.4.        Issue date: Date when bond        was issued.