Discover how below par bonds work, as they trade for less than their face value. Learn why bonds might trade at a discount due to market and economic conditions.

Par value is the minimum legal stock price set by a company in its charter when it authorizes shares. When a company authorizes shares, it also sets the par value for shares to be issued, typically an ...

Learn about unamortized bond discounts—what they mean, how they are accounted for, and what they reveal about bond pricing ...