Bond points definition
A bond point is a unit that is commonly used to measure bond prices. One bond point equals 1 dollar or 1 percentage point in the price of a bond, whose nominal value (face value or par value) is 100 dollars.
Bond points example
For example, a price of 80 (in bond points) represents 80% [...]
Par value (also called nominal value) of a bond is usually 100 (or 1000 or some other nice round number), in general par value is the price at which the bond will be redeemed or repaid in the end.
A bond is said to be trading above par if its current market price is greater than [...]
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