[Solved] Which of the following statements about financial markets and securities are true?

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Q.	Which of the following statements about financial markets and securities are true?
A.	A bond is a long-term security that promises to make periodic payments called dividends to the firm’s residual claimants.
B.	A debt instrument is intermediate term if its maturity is less than one year.
C.	A debt instrument is long term if its maturity is ten years or longer.
D.	The maturity of a debt instrument is the time (term) to that instrument’s expiration date.
Answer» C. A debt instrument is long term if its maturity is ten years or longer.

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