A bond is issued at par value when:

A) The bond pays no interest.
B) The bond is not between interest payment dates.
C) Straight line amortization is used by the company.
D) The market rate of interest is the same as the contract rate of interest.
E) The bond is callable.

Par Value

A nominal value assigned to a security or stock, often used to determine its face value rather than market value.

Market Rate

The current price or interest rate at which goods, services, or financial instruments are traded in the open market.

Contract Rate

The agreed upon price for goods or services, often used in the context of interest rates on loans or fixed-income securities.