Understand financial terms like 'premium' or 'discount' when using 'trade at' for clarity. The bonds trade at a discount, which means they're sold below their face value.
Pro Tip 2/3
Price Movements
'Trade at' is often used to describe the changing prices of stocks or commodities. Oil futures trade at higher prices due to increased demand.
Pro Tip 3/3
Investor's Language
This usage of 'trade at' is common among investors and in financial news. The new tech stock trades at three times its expected earnings.