The Term of a Copyright Is the Author's Life Plus

question 67

Multiple Choice

The term of a copyright is the author's life plus: 

• A) 20 years.
• B) 30 years.
• C) 50 years.
• D) 70 years.

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Definitions:

Default Risk

The possibility that a borrower will fail to meet the obligations of a debt agreement.

Perpetuity

A type of annuity that pays a consistent amount indefinitely, with no end date.

Yield

The income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost or current market value.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, typically expressed in years.