Which of the following bonds has the shortest maturity date?
A) Treasury bills
B) Treasury bonds
C) Treasury notes
D) Floating rate notes
E) All four types of bonds have the same maturity date.
A
Explanation: A) Treasury bills mature in 4 to 52 weeks. Treasury bonds mature in 30 years. Treasury notes have maturity dates of 2, 3, 5, 7, and 10 years. Floating rate notes are issued for a term of two years.
You might also like to view...
West promised to make Noll a loan of $180,000 if Noll obtained sureties to secure the loan. Noll entered into an agreement with Carr, Gray, and Pine to act as cosureties on his loan from West. The agreement between Noll and the cosureties provided for compensation to be paid to each of the cosureties. It further indicated that the maximum liability of each cosurety would be as follows: Carr $180,000, Gray $60,000, and Pine $120,000. West accepted the commitment of the sureties and made the loan to Noll. After paying nine installments totaling $90,000, Noll defaulted. Gray's debts (including his surety obligation to West on the Noll loan) were discharged in bankruptcy. Subsequently, Carr properly paid the entire debt outstanding of $90,000. What amounts may Carr recover from the cosureties?
Gray Pine A. $0 $30,000 B. $0 $36,000 C. $15,000 $30,000 D. $30,000 $30,000
Employers should ensure that their drug testing programs conform to all but one of the following guidelines. Name the exception.
A) Be routinely administered to all clerical and managerial employees. B) Be administered systematically to all applicants for the same job. C) Be part of a wider organizational program that provides rehabilitation counseling. D) Be conducted in an environment that is not intrusive and allows for strict confidentiality of results.