The U.S.government's Fiscal Year Extends From

question 145

Multiple Choice

The U.S.government's fiscal year extends from:

• A)January to December.
• B)April of one year to March of the next year.
• C)June of one year to May of the next year.
• D)September of one year to August of the next year.
• E)October of one year to September of the next year.

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Definitions:

Conversion Value

In convertible securities, the value of the security if it were converted into a different form, such as from a bond to stock.

Straight Bond Value

The value of a bond that pays a fixed interest rate and does not have any embedded options or features.

European Option

A type of options contract that can only be exercised at the expiration date, not before.

Expiration Date

The date on which a contractual agreement, option, or financial instrument becomes invalid or requires renewal.