The date on which the corporation is to repay the borrowed money is called the _____.
A) date of issuance
B) maturity date
C) dividend declaration date
D) discount rate
E) date of record

Question

Quizplus · Accepted Answer

The maturity date is the date on which the corporation is obligated to repay the borrowed money. The date of issuance is the date when the securities are first offered for sale to the public. The dividend declaration date is the date when a company's board of directors announces the amount and payment schedule of upcoming dividends. The discount rate is the interest rate at which the Federal Reserve lends to banks. The date of record is the date on which an investor must own shares of a company in order to be eligible to receive a dividend.

The Date on Which the Corporation Is to Repay the Borrowed