How Bonds Work

There's an online bond price calculators. So I plugged in, if you've got a bond that's got a face, and also, you should know this just to see understand how bonds work. In general, what happens like if you buy a bond, let's say it's a 20 year bond, oh, actually, no, this one example, I picked a 10 year bond. Okay. And so they can talk about the face value. What happens is, originally when the bond is issued, you pay, if it's a longer term bond with coupons, you pay the facevalue. That's why they're issuing the bond because they need to borrow money.