A Patent Gives Inventors Exclusive Rights to Their Inventions for

question 138

Multiple Choice

A patent gives inventors exclusive rights to their inventions for

• A) 20 months.
• B) 17 years.
• C) 20 years.
• D) the lifetime of the inventor plus 50 years.

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Definitions:

Corporate Bond

A debt security issued by a corporation to raise funds, promising to pay back the principal along with interest at a specified rate and schedule.

Yield To Maturity

The total return anticipated on a bond if it is held until its expiration date.

Par Value

The nominal face value of a bond or stock as stated by the issuer, often used to determine interest payments.

Interest Rates

Interest rates are the cost of borrowing money expressed as a percentage of the total amount loaned, influencing economic activity by affecting spending and saving behaviors.