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 price and interest rate of a bond are determined at auction. The price may be greater than, less than, or equal to the bond's par amount (or face value). (See rates in recent auctions .). The price of a fixed rate security depends on its yield to maturity and the interest rate.ptions at Maturity and Before. You can hold a bond until it matures or sell it before it matures. If you don't sell, your options at maturity depend on where you hold your bond: 1  TreasuryDirect. 2  Redeem the bond or use its proceeds to reinvest into another bond of the same term. 3  Legacy Treasury Direct. 4  Redeem the bond.