to sell above par — продавать по цене выше номинала
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• The jeans maker's bonds are trading above par.
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Stock bought above par will result in a capital loss.
The food in the hotel is well above par.
For example, a 5-year bond with $1,000 face value that pays a coupon of 10% annually may trade closer to $1,168 if similar bond rates decline to 6%. This is because investors are willing to pay more for a higher coupon; thus, it is said to be trading above par.
In order to make its yield equal current market rates, the bond should trade at its present value.
In the above example, the following calculation was used to determine the theoretical price the bond would trade at
N = 5 years
I/Y = 6 (market rate, 6%)
FV = $1,000 (face value)
PMT = $100 (10% coupon)
Payments/Year = 1 (annual coupon payment)
His work is above par, so he should get paid better.
вищий за номінал