A semiannual 5.4 percent coupon bond currently sells for par value. What is the maturity on this bond?
A. The bond must mature in one year.
B. The bond could have any maturity date.
C. The bond must be maturing today.
D. The bond must mature in 10 years.
E. The bond must be a perpetual security.
Ans: B. The bond could have any maturity date.
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