This morning,Jeff found a bond certificate lying on the floor of a bank.He picked it up and noticed that the bond matured today.He presented the bond to the bank teller and received both the principal and interest payment.The bond that Jeff found must have been which one of the following?

Question

Quizplus · Accepted Answer

A bearer form bond is a type of bond that is not registered to a particular owner and is payable to whoever holds it. Since Jeff found the bond certificate lying on the bank floor, it is likely that it was a bearer form bond. Additionally, since the bond matured on the day Jeff found it, he was able to receive both the principal and interest payment by presenting the bond to the bank teller.

This Morning,Jeff Found a Bond Certificate Lying on the Floor