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Which of the numbers is the bond maturity

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Reference no: EM132754641

Hans purchased a 20-year corporate bond in 2015 that promised to pay him 3% interest semi-annually for the life of the loan. The corporation reserved the right to redeem the bond in 2020.

Problem 1: Which of those numbers is the bond's maturity?

Option 1: 2015
Option 2: 3
Option 3: 20
Option 4: 2020

Reference no: EM132754641

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