'if a $1,000 par value bond is trading at a discount, it means that the market value of the bond is $1,000.
Market value (OMV) is the price at which an asset trades in a competitive auction environment. Market value is often used interchangeably with open market value, fair value, or fair market value, although these terms are defined differently in different standards and in specific circumstances.
Market value represents the value of a company based on market prices and is the price at which an asset is fetched in the market. In the corporate context, market value is the same as market capitalization. This is a calculated amount based on the current market price of the company's stock.
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