Is there any difference between value of a bond & Price of a bond.
Query 1. Coz we are taught that Value of a Bond is par for a FRN. But Its the price. So price and value are same?
- Querry 2: For a half yearly FRN coupon is paid semi-anually so 1st Jan coupon rate is paid on 1st July. So how come on 1st July it is on par?
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