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