Reagan purchases a corporate bond from Mattel. On the bond it states that Reagan will receive her money back on February 15, 2022. This is the bond's ____ date.

Question

Quizplus · Accepted Answer

The maturity date is the date when the principal of a bond becomes due and must be paid back to the holder. In this case, February 15, 2022 is the maturity date for Reagan's corporate bond from Mattel.

Reagan Purchases a Corporate Bond from Mattel