Question on: JAMB Commerce - 2015
A bond which attracts interest but leaves the capital repaid is referred to as
A
A redeemable bond
B
An irredeemable bond
C
A development bond
D
A long-term loan
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Correct Option: B
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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