Question

The specified date on which the principal amount of a bond is payable is referred to as which one of the following?

1) coupon date
2) yield date
3) maturity
4) dirty date
5) clean date

Answer 1

The specified date on which the principal amount of a bond is payable is referred to as maturity.

Step-by-step explanation:

The specified date on which the principal amount of a bond is payable is referred to as maturity. A bond is a debt security that includes a face value, coupon rate, and maturity date. The maturity date is when the borrower is obligated to repay the bond's face value and last interest payment to the investor.