Cathy purchased several corporate bonds from a large corporation five years ago. She decides to sell those bonds to raise funds to start a business. Since the bonds have a maturity date that is 10 years from the date of purchase, Cathy will not be able to sell her bonds to other investors.

Question

Quizplus · Accepted Answer

Cathy can sell her bonds to other investors before the maturity date, though she might not receive the full value of the bond if interest rates have changed.

Cathy Purchased Several Corporate Bonds from a Large Corporation Five