Redemption value
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Redemption value is the price at which the issuing company may choose to repurchase a security before its maturity date. [1] A bond is purchased "at a discount" if its redemption value exceeds its purchase price. It is purchased "at a premium" if its purchase price exceeds its redemption value. [1] Thus, the right will only be exercised at a discount. [2] See: Callable bond ; Embedded option ; Convertible bond .
References
- 1 2 "Redemption Value" . Retrieved November 12, 2007 .
- ↑ Callable or Redeemable Bonds , sec.gov
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