A bond which attracts interest but leaves the capital repaid is referred to as

Commerce

JAMB 2015

A. A redeemable bond
B. An irredeemable bond
C. A development bond
D. A long-term loan

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Correct Answer: Option B

Explanation

The bond is per petrol, which is until death. The issuing authority or entity pays a specific interest rate periodically but provides no data on when the principal will be returned.

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A bond which attracts interest but leaves the capital repaid is referred to as

Correct Answer: Option B

Explanation

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