Multiple Choice
Consider the following scenario when answering the following questions:
Your friend Jon is starting a new photography business that specializes in photographs of Central Park in New York City. Because his business is new and risky, he is unable to obtain a loan from the local bank. On June 21, 2017, you agree to pay a price of $4,000 for a bond from Jon. You will receive $5,000 in return on June 21, 2018.
-In the scenario,the date June 21,2018,is known as the
A) par value.
B) maturity date.
C) real value.
D) ending value.
E) nominal value.
Correct Answer:

Verified
Correct Answer:
Verified
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