Consider the following scenario when answering the next five questions:
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:

Question

Quizplus · Accepted Answer

June 21, 2014 is the maturity date, which is when the bond will be fully paid back.

Note: None of the options given correspond to the actual terminology used for bonds. The par value refers to the face value of the bond, the real value and ending value aren't used in this context, and while the nominal value is sometimes used to refer to the par value, it is not a common term for bonds in general.

Consider the Following Scenario When Answering the Next Five Questions