As a Bond Approaches Its Maturity Date, Its Price Approaches

question 24

Multiple Choice

As a bond approaches its maturity date, its price approaches

• A)the price of comparable bonds.
• B)U.S.Treasury bond prices.
• C)the par value.
• D)the par adjusted for yield to maturity.

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Definitions:

NAACP

The National Association for the Advancement of Colored People, a civil rights organization founded in 1909 to fight prejudice, lynching, and Jim Crow segregation.

Sweatt and McLaurin

Reference to Sweatt v. Painter and McLaurin v. Oklahoma State Regents, landmark U.S. Supreme Court cases that challenged segregation in higher education.

Segregation

The enforced separation of different racial groups in a country, community, or establishment, often marked by discriminatory laws and practices.

Civil Rights Movement

A struggle for social justice in the United States during the 1950s and 1960s, aimed at ending racial segregation and discrimination against African Americans.