Fannie Mae-No Politics (FNMA)

[Donotunderstand]

yes but

PAR for common could well be one penny

in the last 20 years or so --- PAR has become a less important word - used less and less

For JPS ---- the issue price and final price - $25 in most cases is very often called PAR - even if there is some legal document with PAR at 1 penny or 1 dollar