Which category of bond has a current value that is lower than its nominal (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 discount bond is one whose present value is less than its face value, meaning it is sold for less than its nominal amount. In contrast, a premium bond sells for more than its face value. Coupon bonds pay periodic interest, and interest bonds refer to bonds that pay interest, but these terms do not specifically describe the bond’s value relative to its face value.

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