What is the classification of a bond whose present market value exceeds its face value?

Security Valuation MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

PPSCFPSCNTSPakistan govt jobs
Subject
Security Valuationfinance-mcqs › security-valuation
Published
13 May 2023
Last updated
28 May 2026

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Explanation

A premium bond is one where the bond's current market price is higher than its nominal (face) value. This typically occurs when the bond's coupon rate is above prevailing market interest rates. In contrast, a discount bond sells below face value, and a par bond sells exactly at face value.

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