A single bond has been issued with successive maturity dates set from 1985 through 2015. What type of bond is this?

A single bond has been issued with successive maturity dates set from 1985 through 2015. What type of bond is this?

A single bond has been issued with successive maturity dates set from 1985 through 2015. What type of bond is this?



A) Term.

B) Balloon.

C) Series.

D) Serial.



Answer: D) Serial.


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