A Bond Offering Description Reads: "6s of 2020

question 187

True/False

A bond offering description reads: "6s of 2020." This means the bond pays 3% interest semi-annually and matures in 2020.

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Definitions:

Average Collection Period

The mean duration required by a business to receive payments due from its clients.

Accounts Payable Period

The average time it takes for a business to pay off its suppliers after receiving goods or services, reflecting on the company's cash management efficiency.

Average Collection Period

The typical time frame for a company to receive dues from its clients for goods or services offered on credit.