Write short notes on the following: Characteristics of Bond

Bond has a Fixed face value, which is the amount to be returned to the investor upon maturity. Fixed maturity date, which can range from a few days to 20-30 years or even more. All bonds repay the principal amount after the maturity date. Provides regular payment of interest, semi-annually or annually. Interest is calculated as a certain percentage of the face value known as a 'coupon payment'. Generally considered as less risky investment as compared to equity. It helps to diversify and grow investor's money.