Redemption value

Redemption value is the price at which the issuing company may choose to repurchase a security before its maturity date.^[1] A bond is purchased "at a discount" if its redemption value exceeds its purchase price. It is purchased "at a premium" if its purchase price exceeds its redemption value.^[1] Thus, the right will only be exercised at a discount. ^[2] See: Callable bond; Embedded option; Convertible bond.

References

^ ^a ^b "Redemption Value". Retrieved November 12, 2007.
^ Callable or Redeemable Bonds, sec.gov

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[manage-1] "Redemption Value". Retrieved November 12, 2007.

[2] Callable or Redeemable Bonds, sec.gov

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