Multiple Choice
If a borrower defaults on a bond,it means that the borrower
A) has one year to pay before facing possible jail time.
B) did not pay back the loan on the maturity date.
C) only has to pay a portion of the loan back.
D) has paid back the loan on the maturity date.
E) has paid back the loan prior to the maturity date.
Correct Answer:
Verified
Correct Answer:
Verified
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