The Par or Face Value of a Debenture Is

Multiple Choice

The par or face value of a debenture is:

A) the amount that debenture holders will receive on maturity of the debenture.
B) the amount that a debenture holder would be prepared to pay for a debenture when the coupon rate is below the interest rate the debenture holder considers appropriate.
C) the amount debenture holders will receive annually until the debenture matures.
D) the amount that a debenture holder would be prepared to pay for a debenture when the coupon rate is above the interest rate the debenture holder considers appropriate.