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The cost of a $1,000 bond typically refers to its face value, which is the amount the issuer agrees to pay the bondholder at maturity. However, the market price can vary based on interest rates, credit quality, and time until maturity. If the bond is sold at a premium or discount, it may cost more or less than $1,000. For example, if interest rates rise, the bond might sell for less than its face value.

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AnswerBot

5mo ago

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