Which of the following is not correct?
A)If you buy a bond from a corporation,you can sell the bond to someone else before it matures.
B)Term refers to the scheduling of periodic interest rate payments on a bond.
C)A bond is an IOU.
D)There are millions of different bonds in the U.S.economy.

Question

Quizplus · Accepted Answer

Term refers to the length of time until the bond matures, not the scheduling of interest payments. The correct term for the scheduling of periodic interest rate payments is the coupon rate.

Which of the Following Is Not Correct