Regardless of an assisted living community's fee structure, when choosing a senior living residence, it is important to consider the quality of care, how the resident adapts to the new environment and the long-term affordability of the community.
When a bond is issued at a premium, that means that the bond is sold for an amount greater than the bond's face value. This generally means that the bond's contract rate is greater than the market rate.
A premium bond trades above its issuance priceâ its par value. A discount bond does the opposite â trading below value. Bonds are issued with a âface value,â or âpar valueâ â the amount that is returned to the investor when the bond reaches maturity.