The entitlement of a debenture holder from a company's income is known as

Commerce

WAEC 2012

A. commission
B. interest
C. lien
D. dividend

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Correct Answer: Option B

Explanation

debentures are a long-term security yielding a fixed rate of interest, issued by a company and secured against assets. The holders are paid a fixed interest

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The entitlement of a debenture holder from a company's income is known as

Correct Answer: Option B

Explanation

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