Hans purchased a 20-year corporate bond in 2015 that promised to pay him 3% interest semi-annually for the life of the loan. The corporation reserved the right to redeem the bond in 2020. Which of those numbers is the bond's maturity?
A. 2015
B. 3
C. 20
D. 2020
In this question the number of the maturity bond is "20", and the bonds are 20 years for corporate bonds, which maturity in 20 years, that's why Option C is correct.
