at par

简明释义

平价

英英释义

例句

1.The bond market was stable, with most securities trading at par.

债券市场稳定，大多数证券以面值交易。

2.When a company is performing well, its stocks may trade close to at par.

当一家公司表现良好时，其股票可能接近于面值交易。

3.The company issued bonds that are trading at par.

该公司发行的债券以面值交易。

4.When the stock is valued at par, it means it is worth its nominal value.

当股票以面值估值时，这意味着它的价值等于其名义价值。

5.Investors prefer to buy shares that are selling at par to avoid losses.

投资者更喜欢购买以面值出售的股票，以避免损失。

作文

In the world of finance, many terms are used to describe the value of securities and investments. One such term is at par, which refers to the face value of a bond or stock. When an investment is said to be trading at par, it means that its market price is equal to its nominal value. For example, if a bond has a face value of $1,000 and is currently trading at par, it is also priced at $1,000 in the market. This concept is crucial for investors as it helps them understand the relative worth of their investments in relation to their original value.Understanding at par is essential for both novice and experienced investors alike. When a bond or stock trades at par, it indicates that the market has a balanced view of the issuer's creditworthiness and the prevailing interest rates. If interest rates rise, existing bonds may trade below par because new bonds are issued with higher rates, making older ones less attractive. Conversely, if interest rates fall, bonds may trade above par, reflecting their increased desirability.The implications of trading at par extend beyond simple valuation. For instance, when investors purchase bonds at par, they can expect to receive regular interest payments based on the bond's coupon rate until maturity. At maturity, they will receive the face value of the bond, which is the same as the price they paid for it. This predictability makes bonds appealing to conservative investors seeking stable income.Moreover, the concept of at par can also apply to stocks, though it is less common. When a company's stock is issued with a par value, it represents the minimum price at which shares can be sold. However, most stocks trade significantly above or below this par value based on market conditions. A stock trading at par suggests that investors view the company’s performance and prospects as stable, with no immediate concerns about its growth or profitability.In addition to its financial implications, understanding at par can also enhance an investor's overall strategy. Knowing when to buy or sell investments that are trading at par can lead to more informed decision-making. For example, if an investor notices a bond trading at par but believes interest rates will rise, they might decide to sell that bond before it loses value. Conversely, if they see a bond trading below par due to temporary market fluctuations, they might consider it a buying opportunity, anticipating that its value will increase over time.In conclusion, the term at par encapsulates a fundamental aspect of investing: the relationship between market price and intrinsic value. By grasping this concept, investors can better navigate the complexities of the financial markets. Whether dealing with bonds or stocks, understanding when an investment is trading at par provides insight into market perceptions and potential future movements. Thus, mastering the meaning of at par is not only beneficial but necessary for anyone looking to succeed in the realm of finance.

在金融世界中，许多术语用于描述证券和投资的价值。其中一个术语是面值，它指的是债券或股票的面值。当一项投资被称为以面值交易时，这意味着其市场价格等于其名义价值。例如，如果一只债券的面值为1000美元并且目前以面值交易，则它在市场上的价格也是1000美元。这个概念对投资者至关重要，因为它帮助他们理解自己的投资相对于原始价值的相对价值。理解面值对新手和经验丰富的投资者都很重要。当一只债券或股票以面值交易时，这表明市场对发行人的信用状况和当前利率持平衡态度。如果利率上升，现有债券可能会低于面值交易，因为新债券以更高的利率发行，使得旧债券的吸引力降低。相反，如果利率下降，债券可能会高于面值交易，反映出其增加的吸引力。以面值交易的影响超出了简单的估值。例如，当投资者以面值购买债券时，他们可以预期在到期之前根据债券的票息率获得定期利息支付。在到期时，他们将收到债券的面值，这与他们支付的价格相同。这种可预测性使得债券对寻求稳定收入的保守投资者具有吸引力。此外，面值的概念也可以应用于股票，尽管这不太常见。当一家公司发行的股票具有面值时，它代表着可以出售股份的最低价格。然而，大多数股票的交易价格显著高于或低于这一面值，具体取决于市场条件。以面值交易的股票表明，投资者对公司的表现和前景持稳定看法，对其增长或盈利能力没有立即的担忧。除了其金融影响外，理解面值还可以增强投资者的整体策略。知道何时买入或卖出以面值交易的投资可以导致更明智的决策。例如，如果投资者注意到一只债券以面值交易，但认为利率将会上升，他们可能会决定在债券贬值之前出售该债券。相反，如果他们看到一只债券因暂时的市场波动而低于面值交易，他们可能会考虑这是一个买入机会，预计其价值会随着时间的推移而增加。总之，面值这个术语概括了投资的一个基本方面：市场价格与内在价值之间的关系。通过掌握这一概念，投资者可以更好地驾驭金融市场的复杂性。无论是处理债券还是股票，了解何时一项投资以面值交易都能提供对市场认知和潜在未来走势的洞察。因此，掌握面值的含义不仅有益，而且是任何希望在金融领域取得成功的人所必需的。