- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 1. Fixed-Income Instrument Features
- Subject 1. Basic Features of a Fixed-Income Security
CFA Practice Question
A bond that has no maturity date is referred to as a ______.
B. normal bond
C. terminal bond
D. perpetual bond
E. indefinite bond
A. serial bond
B. normal bond
C. terminal bond
D. perpetual bond
E. indefinite bond
Correct Answer: D
A perpetual bond is a bond with no maturity date.
User Contributed Comments 2
| User | Comment |
|---|---|
| johntan1979 | e.g. consol |
| chcarnes | Like a perpetuity --> perpetual |