Your company has just bought out a local competitor. As a member of your companys finance team youve gone in with the accountants to clean out the competitors old safe. In it, though, you find paperwork regarding some bonds the competitor issued in 1987. Its $8.5 million (face value) worth of zero-coupon bonds. According to a note paper-clipped to the paperwork, the bonds sold for $3,000,000 at the time of issuance. Going online you look up the interest rate for 1987 and found it hovered pretty consistently around 3% that year. The question, then, is this: Are these still active bonds, or have they already matured?