How do you know how much a bond is worth, or if you should wait for it to reach maturity before you cash it?

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Posted by Hannah Jane Parkins (MONEY FORUMS: 2, Answers: 4)
Asked on May 3, 2016 4:14 pm
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There is a secondary market for most bonds (government and corporate). That is where you will get a “price” for the type of bond you own. If you know what interest rate you are being paid, and know the current rate, you can determine if you will be paid more or less than what you paid for the bond. (price and interest rates are inversely related). If you are talking about a US Savings Bond, you can look up the cash value online. https://www.treasurydirect.gov/BC/SBCPrice

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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: May 3, 2016 10:59 pm
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