Premium
Also written above par.
Definition
A market price above par value. The higher the premium, the more a holder loses if the issuer calls the issue at par; see yield to call.
On a live record
SOMN (The Southern Company) trades at $48.25, a 93.0% premium to par. A call at par would return less than today's price. Open the SOMN record.
Written from the public record at the last refresh. Prices are 15 minutes delayed.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.