Final Answer:
A bond's par value can also be called its face value.
Step-by-step explanation:
Par Value: The term "par value" refers to the face value of a bond, which is the amount that the bond will be worth when it matures.
Present Value: Present value is not the same as par value. Present value is the current value of a future sum of money, discounted at a particular rate.
Coupon Payment: Coupon payment is the periodic interest payment made by the bond issuer to the bondholder. It is not synonymous with par value.
Market Value: Market value is the current price at which a bond can be bought or sold in the market. It may or may not be equal to the par value, depending on various market factors.
In summary, the correct option is "face value" because it accurately represents the par value of a bond.