at par

简明释义

以票面价值计

英英释义

例句

1.If the market price is below the issue price, the bond is selling at par.

如果市场价格低于发行价格，则债券以面值出售。

2.Investors prefer bonds that pay interest at par rather than at a discount.

投资者更喜欢以面值支付利息的债券，而不是折扣债券。

3.The stock was issued at par value of $10.

该股票以每股10美元的面值发行。

4.The company's shares are currently trading at par.

该公司的股票目前以面值交易。

5.When the bond matures, it will be redeemed at par.

当债券到期时，它将以面值赎回。

作文

In the world of finance and investment, understanding various terms is crucial for making informed decisions. One such term that often arises in discussions about bonds and stocks is at par. This phrase refers to a situation where a bond or stock is trading at its face value or nominal value. For instance, 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 as it helps them gauge the performance of their investments relative to the market. When a bond is issued, it is typically sold at at par, meaning the investor pays the face value of the bond. As time goes on, the bond's price may fluctuate due to changes in interest rates, credit ratings, and overall market conditions. If interest rates rise, existing bonds with lower rates may trade below their face value, or at a discount. Conversely, if interest rates fall, those same bonds may trade above their face value, or at a premium. However, when a bond is trading at par, it indicates that the market has stabilized, and the bond is perceived to be fairly valued.Investors often prefer to purchase bonds that are trading at par because it signifies a stable investment. Additionally, when bonds are redeemed at maturity, they are paid back at their face value, which aligns with the idea of trading at par. This is particularly appealing for conservative investors seeking predictable returns.In the stock market, the term at par can also apply, although it is less common. Stocks do not typically have a face value in the same way bonds do; however, the concept can still be relevant when discussing preferred shares. Preferred shares may have a par value, which is the amount that shareholders will receive if the company is liquidated. If preferred shares are trading at par, it means they are being sold at this specified value. Understanding the implications of trading at par is vital for both novice and experienced investors. It provides insight into the valuation of securities and can indicate market conditions. When securities are trading at par, it implies a balance in supply and demand, suggesting that investors are confident in the security's value.In conclusion, the term at par is an important financial concept that signifies a security's trading value relative to its face value. Whether in the context of bonds or preferred stocks, knowing how to interpret this term can enhance an investor's ability to make sound financial decisions. By recognizing when securities are trading at par, investors can better assess their portfolios and navigate the complexities of the financial markets effectively.

在金融和投资的世界中，理解各种术语对于做出明智的决策至关重要。一个常常在债券和股票讨论中出现的术语是面值。这个短语指的是债券或股票以其面值或名义价值交易的情况。例如，如果一只债券的面值为$1,000，并且目前以$1,000的价格交易，那么它被称为以面值交易。这个概念对投资者来说至关重要，因为它帮助他们衡量投资相对于市场的表现。当债券发行时，通常以面值出售，这意味着投资者支付债券的面值。随着时间的推移，由于利率、信用评级和整体市场条件的变化，债券的价格可能会波动。如果利率上升，现有的低利率债券可能会以低于其面值的价格交易，或者以折扣价交易。相反，如果利率下降，这些相同的债券可能会以高于其面值的价格交易，或者以溢价交易。然而，当一只债券以面值交易时，这表明市场已经稳定，且该债券被认为是公允定价。投资者通常更倾向于购买以面值交易的债券，因为这意味着一种稳定的投资。此外，当债券在到期时赎回时，它们会以其面值偿还，这与以面值交易的理念相一致。这对寻求可预测回报的保守投资者尤其具有吸引力。在股票市场中，术语面值也可以适用，尽管这种情况较少见。股票通常没有像债券那样的面值；然而，在讨论优先股时，这个概念仍然相关。优先股可能具有面值，这是公司清算时股东将收到的金额。如果优先股以面值交易，则意味着它们以这一指定价值出售。理解以面值交易的含义对于新手和经验丰富的投资者都是至关重要的。它提供了对证券估值的深入了解，并可以指示市场状况。当证券以面值交易时，这意味着供求之间的平衡，表明投资者对证券的价值充满信心。总之，术语面值是一个重要的金融概念，表示证券的交易价值相对于其面值。无论是在债券还是优先股的背景下，了解如何解读这个术语可以增强投资者做出合理财务决策的能力。通过识别证券何时以面值交易，投资者可以更好地评估他们的投资组合，并有效应对金融市场的复杂性。