References
- 1 2 "Redemption Value". Retrieved November 12, 2007.
- ↑ Callable or Redeemable Bonds, sec.gov
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 | This economics-related article is a stub. You can help Wikipedia by adding missing information. |
Redemption value is the price at which the issuing company may choose to repurchase a security before its maturity date. 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. Thus, the right will only be exercised at a discount. See: Callable bond; Embedded option; Convertible bond.
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