When a corporation sells a bond, it owes the bond purchaser periodic interest payments and a lump sum at the end of the bond s life, known as the: A. age of ripening B. harvest time C. maturity date D. peak payou
A maturity date is a date that is referred to as the financial payment are to be paid and a bond is an instrument of the indebtedness that is issued by the holder and common bonds includes the municipal and the corporate bonds and is the lump sum paid and the end of the bonds life.
