par value

简明释义

平价

英英释义

例句

1.When a company redeems its bonds, it pays the par value back to the bondholders.

当公司赎回其债券时，它将向债券持有人支付面值。

2.The par value of this stock is $10, which is the minimum price at which it can be issued.

这只股票的面值为10美元，这是其可以发行的最低价格。

3.In some cases, shares may be sold at a premium above their par value.

在某些情况下，股票可能以高于其面值的溢价出售。

4.The bond was issued at its par value, which means it was sold for its face value.

这只债券以其面值发行，这意味着它以其票面价值出售。

5.Investors often look for stocks that are trading below their par value to find bargains.

投资者通常寻找交易价格低于其面值的股票，以寻找便宜货。

作文

The concept of par value is fundamental in the world of finance, particularly when discussing stocks and bonds. It refers to the nominal or face value of a security as stated on the certificate. This value is crucial because it serves as a baseline for the valuation of the security in the market. For instance, when a company issues stock, the par value is typically set at a very low amount, such as $0.01 per share. This allows the company to issue shares at a price that can be significantly higher than the par value, thereby raising capital without being constrained by the nominal amount. In the case of bonds, the par value represents the amount that an investor will receive back at maturity. For example, if a bond has a par value of $1,000, the issuer promises to pay this amount back to the bondholder when the bond matures. The par value is important for calculating interest payments as well; most bonds pay interest based on their par value. If a bond has a coupon rate of 5%, the bondholder will receive $50 each year, calculated from the par value. Investors often analyze the relationship between the market price of a security and its par value. When a stock trades below its par value, it may indicate that the market has a negative perception of the company's future prospects. Conversely, a stock trading well above its par value might suggest strong investor confidence in the company's growth potential. However, it is essential to note that the par value itself does not directly affect the market price; rather, it provides a reference point for investors. Additionally, the par value can have implications for a company’s financial statements. For instance, when a company issues shares, the amount received over the par value is recorded as additional paid-in capital. This distinction is crucial for understanding a company's equity structure. Moreover, some companies choose to issue no-par stock, which eliminates the concept of par value altogether. This approach can simplify accounting and provide more flexibility in raising capital. In conclusion, understanding par value is vital for anyone involved in investing or corporate finance. It serves as a foundational element in assessing the value and risk associated with various securities. While it may seem like a mere technicality, the implications of par value extend far beyond its nominal figure, influencing investment decisions, financial reporting, and market perceptions. As such, both novice and seasoned investors should familiarize themselves with this term to make informed decisions in the ever-complex world of finance.

“面值”这一概念在金融界尤其是在讨论股票和债券时是基本的。它指的是证券在证书上所列出的名义或面值。这个价值至关重要，因为它作为市场中证券估值的基准。例如，当一家公司发行股票时，面值通常设定为非常低的金额，如每股0.01美元。这使得公司可以以远高于面值的价格发行股票，从而在不受名义金额限制的情况下筹集资本。在债券的情况下，面值代表投资者在到期时将收到的金额。例如，如果一只债券的面值为1000美元，发行人承诺在债券到期时向债券持有人支付该金额。面值对于计算利息支付也很重要；大多数债券的利息是基于其面值支付的。如果一只债券的票面利率为5%，债券持有人每年将收到50美元，这是根据面值计算的。投资者通常会分析证券的市场价格与其面值之间的关系。当一只股票的交易价格低于其面值时，可能表明市场对公司的未来前景持消极看法。相反，交易价格远高于面值的股票可能表明投资者对公司增长潜力的强烈信心。然而，必须注意的是，面值本身并不直接影响市场价格；相反，它为投资者提供了一个参考点。此外，面值还可能对公司的财务报表产生影响。例如，当一家公司发行股票时，超过面值的金额被记录为额外的实收资本。这一区分对于理解公司的股权结构至关重要。此外，一些公司选择发行无面值股票，从而完全消除了面值的概念。这种做法可以简化会计并在筹集资本时提供更多灵活性。总之，理解面值对于任何参与投资或公司财务的人来说都是至关重要的。它是评估各种证券的价值和风险的基础元素。虽然它似乎只是一个技术性细节，但面值的含义远远超出了其名义数字，影响着投资决策、财务报告和市场认知。因此，无论是新手还是经验丰富的投资者，都应该熟悉这个术语，以便在复杂多变的金融世界中做出明智的决策。