If you sell a bond before its maturity date, you’ll encounter the bond’s market price, which may be higher or lower than its face value. The price fluctuates due to changes in interest rates, credit risk, and market demand. Selling a bond before maturity can result in capital gains if you sell it at a price higher than you paid, or capital losses if you sell it for less. It provides flexibility but also exposes you to potential gains or losses, influenced by the prevailing interest rate environment and the bond’s creditworthiness. Consider these factors when deciding to sell a bond before its maturity.