General Investment Co. (GIC) purchased bonds on January 1, 2012. GIC\'s accounta

Question

General Investment Co. (GIC) purchased bonds on January 1, 2012. GIC's accountant has projected the following amortization schedule from purchase until maturity:

The investment in bonds has a maturity in:

a. Two years.

b. Three years.

c. Six years.

d. Cannot be determined from the given information.

General Investment Co. (GIC) purchased bonds on January 1, 2012. GIC's accountant has projected the following amortization schedule from purchase until maturity: The investment in bonds has a maturity in: a. Two years. b. Three years. c. Six years. d. Cannot be determined from the given information.

Explanation / Answer

b. Three years.

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