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I can speak here from personal experience. If you look me up on Guenter Lewy, Armenian genocide and you look at some of the blogs, you will find a lot of vituperation: you are called a genocide denier on a par with holocaust deniers."
VOA: standard.2010.03.18
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Lo and behold, their bonds would go up because people had discovered that you might be entitled to par.
你可以发现，他们的债券价格会上升因为人们,已经发现你可能有权以票面价值。
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but they won't be academically, kind of, up to par. They won't be up to snuff academically.
但是他们成绩上，有些，不达标。他们成绩上不行。
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But if they default, you can buy them at $90 and if they can't file their financial statements, you're entitled to par.
但是如果他们违约了，你可以在90美元买进0,但是如果他们没有发布他们的财务报表，你有权以票面价值购进。
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This is for Plato, the political passion par excellence.
那就是柏拉图所谓的激情，出类拔萃的政治激情。
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So, for companies that could pay you back, but their bonds are trading below par, probably because they have a low coupon.
因此，公司也许可以支付你，但是它们的债券只能以低于票面价值交易，很可能是因为他们的票息很低。
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You wouldn't buy this bond at par because at par, meaning at $100- because then you wouldn't get any interest on it.
你不是以平价买入,平价买入,意思是以100面值买,否则就没有利息收益了
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We were interested in finding bonds trading below par where we thought there was a chance that companies would not file their financial statements on time.
我们对发现以低于票面价值进行交易的债券很感兴趣,我们认为在没有按时发布它们财务报表的公司,时机有可能发现。
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Lots and lots of loans, the securities that people bought at par that were worth about somewhere between zero and $.15 or $.20 and now trade there.
市场上充斥着越来越多的贷款，人们按照面值购买的债券,真正的价值只有大概,0到0。15或者0。20美元0,而它们就这样进行交易。
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If they were late, we had the prospect of getting par quickly.
但是如果他们晚了，我们有机会迅速得到票面价值。
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If wealth were the purpose of politics Aristotle writes the Phoenicians you might say in the ancient world -the Phoenicians were the commercial people par excellence the Phoenicians would be the best regime.
后者是著名《富国论》的作者,亚里士多德写到,如果财富是政治的目的,则你可以说，腓尼基人,远古世界最优秀的商人,腓尼基人治理的是最佳政体。
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