Redemption value
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
- ^ a b "Redemption Value". Retrieved November 12, 2007.
- ^ Callable or Redeemable Bonds, sec.gov
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