at par

简明释义

按面值,按票面价值

英英释义

例句

1.The new issue of preferred stock was sold at par 按面值 to attract more investors.

新发行的优先股以at par 按面值的价格出售，以吸引更多投资者。

2.Investors prefer to buy shares that are trading at par 按面值 rather than at a premium.

投资者更喜欢购买那些以at par 按面值交易的股票，而不是溢价的股票。

3.In financial statements, assets are often listed at par 按面值 for simplicity.

在财务报表中，资产通常以at par 按面值列出，以简化处理。

4.When a company’s stock is valued at par 按面值, it indicates stability in the market.

当一家公司股票的价值为at par 按面值时，表明市场的稳定性。

5.The bonds were issued at a price of $100, which means they are sold at par 按面值.

这些债券的发行价格为100美元，这意味着它们以at par 按面值出售。

作文

In the world of finance, understanding various terms is crucial for making informed decisions. One such term is at par, which refers to a situation where a bond or stock is trading at its face value or nominal value. For example, if a bond has a face value of $1,000 and is currently trading at $1,000, it is said to be trading at par. This concept is essential for investors who want to evaluate the worth of their investments accurately. When a bond trades at par, it indicates that the market conditions are stable, and the issuer is perceived as reliable. Conversely, if a bond trades below its face value, it is trading at a discount, while if it trades above, it is at a premium.Understanding the implications of trading at par can significantly impact an investor's strategy. For instance, when bonds are issued at par, they typically offer a fixed interest rate, known as the coupon rate. This rate is determined based on the prevailing market interest rates at the time of issuance. If market interest rates rise after the bond is issued, the bond will likely trade below at par because new bonds will be issued with higher rates, making the older bonds less attractive. Conversely, if market rates fall, the existing bonds may trade above at par, offering better returns than newly issued bonds.Investors often look for opportunities to buy bonds when they are trading below at par, as this can lead to potential capital gains if the bonds appreciate back to their face value. However, it is essential to conduct thorough research before making such investments. Factors such as the issuer's creditworthiness, market conditions, and economic indicators should be considered. The risk associated with investing in bonds that are not trading at par can vary significantly, and understanding these risks is vital.In addition to bonds, the term at par can also apply to stocks. When a company's stock is trading at par, it means that the stock is selling for its nominal value, which is often set at the time of incorporation. For example, if a company has a par value of $1 per share, and its stock is trading at $1, it is said to be at par. However, in practice, most stocks trade well above or below their par value due to market forces and investor sentiment.In conclusion, grasping the meaning of at par is vital for anyone involved in the financial markets. Whether dealing with bonds or stocks, understanding how these instruments trade relative to their face value can provide valuable insights into market dynamics. Investors should always keep an eye on how their investments are performing concerning at par values, as this can inform their buying and selling decisions. Ultimately, being well-informed about financial terminology like at par can lead to more strategic investment choices and potentially greater financial success.

在金融领域，理解各种术语对于做出明智的决策至关重要。其中一个术语是at par，它指的是一种情况，即债券或股票以其面值或名义价值进行交易。例如，如果一只债券的面值为1000美元，而目前的交易价格也是1000美元，那么就可以说它的交易价格是at par。这个概念对于希望准确评估投资价值的投资者来说至关重要。当一只债券以at par交易时，表明市场条件稳定，发行人被认为是可靠的。相反，如果一只债券的交易价格低于其面值，则称为折价交易；如果高于面值，则称为溢价交易。理解以at par交易的含义可以显著影响投资者的策略。例如，当债券以at par发行时，它们通常提供固定的利率，称为票息率。这个利率是根据发行时的市场利率决定的。如果在债券发行后市场利率上升，该债券可能会低于at par交易，因为新债券将以更高的利率发行，使得旧债券的吸引力下降。相反，如果市场利率下降，现有债券可能会高于at par交易，提供比新发行的债券更好的回报。投资者通常寻找低于at par交易的债券投资机会，因为这可能导致潜在的资本增值，前提是这些债券的价值回升到其面值。然而，在进行此类投资之前进行彻底研究是至关重要的。必须考虑发行人的信用状况、市场条件和经济指标等因素。与不以at par交易的债券相关的风险可能会有显著不同，理解这些风险至关重要。除了债券，术语at par也适用于股票。当一家公司的股票以at par交易时，这意味着该股票的交易价格等于其名义价值，这通常是在公司成立时设定的。例如，如果一家公司每股的面值为1美元，而其股票的交易价格也是1美元，那么就可以说它以at par交易。然而，实际上，大多数股票的交易价格远高于或低于其面值，这是由于市场力量和投资者情绪造成的。总之，掌握at par的含义对于任何参与金融市场的人来说都是至关重要的。无论是处理债券还是股票，了解这些工具相对于其面值的交易情况可以提供有关市场动态的宝贵见解。投资者应始终关注其投资相对于at par价值的表现，因为这可以指导他们的买卖决策。最终，充分了解像at par这样的金融术语可以带来更具战略性的投资选择，从而可能实现更大的财务成功。