Which of the following attracts only interest b... - JAMB Commerce 2023 Question
Which of the following attracts only interest but leaves the capital unpaid?
A
a development bond
B
a long term loan
C
an irredeemable bond
D
redeemable bond
correct option: c
An irredeemable bond is a type of bond that does not have a maturity date. Investors in irredeemable bonds receive interest payments indefinitely, but the principal amount of the bond is not repaid unless the issuer decides to pay it off.
Please share this, thanks:
Add your answer
No responses