Consider the following scenario when answering the questions that follow.
Your friend Carson is starting a new photography business that specializes in photographs of Central Park in New York City. Because his business is new and risky, he is unable to obtain a loan from the local bank. On June 21, 2013, you agree to pay a price of $4,000 for a bond from Carson. You will receive $5,000 in return on June 21, 2014.
-In the scenario,the date June 21,2014,is known as the:
A) par value.
B) maturity date.
C) real value.
D) ending value.
E) nominal value.
Correct Answer:
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