Bond's Dollar Price

Bond Price, or Bond's Dollar Price, is the price of a bond expressed as a percentage of par value and converted to a point scale. In general, the par value is set at 100, representing 100% of a bond's principal balance, i.e. the repayment amount at maturity for tTokens.

The interest rate term is simple and intuitive to be understood for the cost and return while the bond price term is calculated for settlement.