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Which of the following attracts only interest but leaves the capital unpaid

Commerce
JAMB 2014

Which of the following attracts only interest but leaves the capital unpaid

  • A. a long-term loan
  • B. a development bond
  • C. a redeemable bond
  • D. an irredeemable bond
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Correct Answer: Option D
Explanation

Irredeemable bond; a government bond which has no date of maturity and which therefore provides interest but can never be redeemed at full value.

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