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In a foreign exchange market, there may be a standard, government-determined price, or par value.
We refer, of course, to a corporation such as the one in the case at bar, organized for profit, and having a capital stock divided into shares to which a nominal or par value is attributed.
UK Government bonds: The value of bonds comes from the cash flow they generate and the terminal, or par, value.
Know the bond's face (or "par") value.
Similar(56)
It creates an opportunity for an unscrupulous broker to buy a failing issue on the cheap and then remarket it to an unsuspecting new buyer at or above par value.
Defendant in error, being the owner of 2,200 shares of the old stock, received certificates for 1,100 additional shares, of which 18.07 per cent., or 198.77 shares, par value $19,877, were treated as representing surplus earned between March 1 , 1913 and January 1 , 1916
They're callable at or near $25 par value.
Without going into a detailed explanation, suffice it to say that the purpose of such securities is to protect the principal by adjusting the yield sufficiently so that the security will always trade at or near its par value.
Thus the surplus may increase until it equals or even exceeds the par value of the outstanding capital stock.
The major part of this, the capital paid in by the common shareholders, is usually divided into two parts, one representing the par value, or stated value, of the shares, the other representing the excess over this amount.
Even if RJR's bonds trade back up to the $80 range, for example, that would still result in a 20percentt decline in their par value, or a loss to investors of about $1.2 billion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com