, or other security
selling at a price
higher than its par value
is said to be selling at above par or 'at premium
.' Bond prices are stated on a scale
where the par value (whatever the amount) is assigned the number 100, and the premium is shown as a factor
of 100. For example, a bond with a par value of $1,000 and priced at 110 is selling at $1,100. Also called at a premium or at premium.