Answer:
Par value
Explanation:
The reason for this answer is that, for Bonds, par value is an essential pricing benchmark. When the bond price is below the par value, the bond is selling ''at a discount'', When the bond price is above par value, he bond is selling at a premium,
Par value has little significance for equitis because it generally does not influence the stock price itself.
Par value is the face value of a bond, it is the principal amount that the lender (investor) is lending to the borrower (issuer).