This morning, Jeff found an aged bond certificate lying on the street.He picked it up and noticed that it was a 50-year bond that matured today.He presented the bond to the bank teller at his local bank and received payment for both the entire principal and the final interest payment.The bond that Jeff found must have been which one of the following?

Question

Quizplus · Accepted Answer

Bearer-form bonds are unregistered and whoever holds the physical certificate can claim the interest and principal payments, which explains how Jeff was able to receive payment without any registration.

This Morning, Jeff Found an Aged Bond Certificate Lying on the Street.He