The type of business finances that entitles the holder to a fixed rate of dividend is?

Assessment: JAMB UTME - Economics - 2020 Subject: Economics

Question 1 Report

The type of business finances that entitles the holder to a fixed rate of dividend is?
Answer Details
A debenture is a long-term debt security issued by a company and secured against assets, to raise capital for a business. Debenture security yields a fixed rate of interest.

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