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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

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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."

This problem has been solved

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