Multiple Choice QuestionA corporation's written pledge to repay a specified amount of money with interest is called a Blank______.Multiple choice question.maturity dateface valuebond indenturecorporate bond
Question
Multiple Choice QuestionA corporation's written pledge to repay a specified amount of money with interest is called a Blank______.Multiple choice question.maturity dateface valuebond indenturecorporate bond
Solution
A corporation's written pledge to repay a specified amount of money with interest is called a Blank______.
To answer this multiple-choice question, we need to consider the given options and determine the correct term.
The options are: a) Maturity date b) Face value c) Bond indenture d) Corporate bond
Let's analyze each option:
a) Maturity date: This refers to the date on which a bond or other financial instrument becomes due and payable.
b) Face value: This represents the nominal value or the principal amount of a bond or other financial instrument.
c) Bond indenture: This is a legal document that outlines the terms and conditions of a bond, including the repayment terms.
d) Corporate bond: This is a type of bond issued by a corporation to raise capital, typically with a fixed interest rate and maturity date.
Based on the given information, the correct answer is "d) Corporate bond." This option best describes a corporation's written pledge to repay a specified amount of money with interest.
Therefore, the correct answer is "Corporate bond."
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