Amortized Discount
Fixed-income terms for deep discounts, shallow discounts, amortizable bond premiums, and unamortized bond premium or discount balances.
Bond price terms for par, premiums, discounts, below-par pricing, and unamortized bond premiums or discounts.
Price, premium, discount, and par terms explain how a bond’s market price compares with its face value.
Use this branch when a bond trades above par, below par, at par, or with an accounting premium or discount that affects yield, amortization, tax reporting, or carrying value.
| Area | Use it for |
|---|---|
| Par, Premium, and Discount Bond Pricing | Par bonds, premium bonds, discount bonds, below-par prices, bond premiums, and bond discounts. |
| Deep Discount and Amortized Premium or Discount | Deep-discount bonds, shallow discounts, amortizable premiums, and unamortized premium or discount balances. |
A bond with 1,000 face value quoted at 96 is priced at about 960 before accrued interest and transaction costs. A bond quoted at 104 trades at a premium. The investor still needs to check coupon, maturity, call schedule, tax treatment, and yield measure before comparing the two.
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Fixed-income terms for deep discounts, shallow discounts, amortizable bond premiums, and unamortized bond premium or discount balances.
Fixed-income terms for par bonds, premium bonds, discount bonds, below-par prices, bond premiums, and bond discounts.