Jeff Goldblum has just purchased a security which has no maturity date and no promised payments.He can recoup his investment by either selling the security to another individual or to the issuer,if the issuer ever makes an offer to buy it.What type of security did Jeff purchase?

Question

Quizplus · Accepted Answer

Jeff purchased common stock, which has no maturity date and no promised payments. He can recoup his investment by selling the stock to another individual or to the issuer, if the company offers to buy it back. Stock options, corporate and government bonds, preferred stock, all have maturity dates or promised payments, so they are not the correct answer.

Jeff Goldblum Has Just Purchased a Security Which Has No