A debenture holder earns
ECONOMICS
WAEC 2013
A debenture holder earns
- A. commission
- B. profits
- C. fixed interest
- D. quasi-rent
Correct Answer: C. fixed interest
Explanation
A debenture pays a regular interest rate or coupon rate return to investors. Payment of interest is made to the debenture holder at a specified rate and at clearly defined intervals
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