Dave Harris purchased a single bond last year for $987.He knows he will receive $1,000 on March 1,2026.This date is referred to as the ________ date.

Question

Quizplus · Accepted Answer

The date on which Dave Harris will receive $1,000, which is the face value of the bond, is referred to as the maturity date. This is the date when the bond issuer has agreed to repay the principal amount of the bond to the bondholder.

Dave Harris Purchased a Single Bond Last Year for $987