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Hi all,I cant understand what is the par value of a Bond and how to calculate it. Consider a year Treasury Bond with Principle $100. It gives interest at 6% p.a. semiannually. I saw in net that Par value of a Bond is the amount to be paid at the end of maturity. Here amount payable at the maturity is $100+$3 = $103. Is it Par value of that Bond? Can anyone clarify me?Regards,

Par value is just a synonym of principal amount.Therefore, in your case the par value is also $100.

Thank you