Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
What is maturity date?
Expert Solution
Step 1
Maturity dates are generally used in order to classify the securities as short term, medium term or long term securities. This type of classification can help the investors to know when they will get back their principal amount after maturity. Maturity date is also applicable in insurance where the policy nominee would get the insured amount on the death of the policy holder.
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