A bond which attracts only interest but leaves the capital unpaid is referred to as?...
COMMERCE
JAMB 2006
A bond which attracts only interest but leaves the capital unpaid is referred to as?
- A. a long-term loan
- B. a develoment bond
- C. a redeemable bond
- D. an irredeemable bond
Correct Answer: A. a long-term loan
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