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One of the characteristics of a debenture is that

Commerce
WAEC 1997
One of the characteristics of a debenture is that
  • A. it yields a fixed rate of dividends
  • B. it has no redemption date
  • C. it yields a fixed rate of interest
  • D. its holder has a voting right
  • E. the holder bears more risk than others
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Correct Answer: Option C
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