When a holder of a commercial bill sells it before its maturity date the return to the holder is called the holding period return.
举一反三
- When the holder of the bill receives the payment of the bill, he shall return the signed bill to the drawer.
- The holder of a bill does not present for payment before the due of the bill. If the holder is refused payment, the prior party may be exempted from recourse.
- Upon maturity, the final holder of the bill approaches the for payment. A: drawer B: acceptor C: endorser D: discounter
- The conditions for the holder to exercise the right of recourse are: the holder holds the qualified bill, and the holder is responsible and refused to pay.
- The return on a bond is equal to the yield to maturity when _________