### What is this bond time to maturity

Assignment Help Financial Management
##### Reference no: EM131933910

1. Time to Maturity A bond issued by a corporation on June 15, 2007 is scheduled to mature on June 15, 2027. If today is December 16, 2008, what is this bond's time to maturity?

18 years

18 years, 6 months

20 years

1 year, 6 months

2. Asset Management Ratios Corn Products, Corp. ended the year 2008 with an average collection period of 36 days. The firm's credit sales for 2008 were \$10.3 million. What is the year-end 2008 balance in accounts receivable for Corn Products? (Consider a 365 days a year.)

\$0.2861 million

\$1.0159 million

\$370.8 million

\$3.4951 million

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