Martin Luther King Jr. was born at noon Tuesday, January 15, 1929, at the family home, 501 Auburn Avenue, N.E., Atlanta, Georgia. Dr. Charles Johnson was the attending physician. Martin Luther King Jr., was the first son and second child born to the Reverend Martin Luther King, Sr., and Alberta Williams King.
Example â Calculating the Purchase Price for a Bond with Accrued Interest. You purchase a corporate bond with a settlement date on September 15 with a face value of $1,000 and a nominal yield of 8%, that has a listed price of 100-08, and that pays interest semi-annually on February 15 and August 15.
The par value of a bond is its face value, and indicates the amount that the issuer will pay to bondholders as of the maturity date of the bond. This par value is typically set at $1,000. The market price of a bond will be above par value if the stated interest rate on the bond is higher than the market rate. Conversely, the market price will be lower if the stated interest rate is lower than the market rate, since the cash flows from the bond are worth less to the investor.