kevlazo3584 kevlazo3584

28-10-2020
Business

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Bert owns a bond that will pay him $45 each year in interest plus $1,000 as a principal payment at maturity. What is the $1,000 called

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ewomazinoade ewomazinoade

31-10-2020

Answer:

Face value

Explanation:

the face value of a bond is the amount the issuer of a bond gives to the bondholder, once the bond matures

$45 is the interest rate

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