A Bond Issued by a Corporation on May 1, 1999

question 92

Multiple Choice

A bond issued by a corporation on May 1, 1999, is scheduled to mature on May 1, 2019. If today is May 2, 2009, what is this bond's time to maturity? (Assume annual interest payments.)

• A) 9 years
• B) 10 years
• C) 19 years
• D) 20 years

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Definitions:

Bile Pigment

A substance produced by the liver that helps with digestion by breaking down fats, one of the principal pigments is bilirubin.

Jaundiced

A medical condition characterized by a yellowing of the skin and eyes, typically due to elevated bilirubin levels, often indicating liver dysfunction.

Gray-Tan Stool

Stool color that may indicate a lack of bile in digestive system processes, potentially signaling liver or gallbladder issues.

Trans-Saharan Slave Trade

Historical trade routes across the Sahara Desert that facilitated the trade of enslaved Africans to North Africa, the Middle East, and beyond.