Use the following information to answer the next 6 questions:
X2 issued callable bonds on January 1,2015.The bonds pay interest annually on December 31 each year.X2's accountant has projected the following amortization schedule from issuance until maturity:

-The X2 bonds have a life of:
A)3 years.
B)4 years.
C)5 years.
D)Cannot be determined from the given information.

Question

Use the following information to answer the next 6 questions:
X2 issued callable bonds on January 1,2015.The bonds pay interest annually on December 31 each year.X2's accountant has projected the following amortization schedule from issuance until maturity:
 
-The X2 bonds have a life of:
A)3 years. 
B)4 years. 
C)5 years. 
D)Cannot be determined from the given information.

Quizplus · Accepted Answer

The amortization schedule shows that the bonds mature on December 31, 2018, which means that the bonds have a life of 5 years.

Use the Following Information to Answer the Next 6 Questions