A particular $5,000 bond matures in 5 years. What are the bond years on this single bond?
A. 5 bond years
B. 25 bond years
C. 25,000 bond years
D. 1,000 bond years
Answer:B
A particular $5,000 bond matures in 5 years. What are the bond years on this single bond?
A. 5 bond years B. 25 bond years C. 25,000 bond years D. 1,000 bond years