CFA Practice Question

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CFA Practice Question

A bond that has no maturity date is referred to as a ______.

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
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