A debenture holder earns

Assessment: WAEC SSCE - Economics - 2013 (Objective) Subject: Economics

Question 1 Report

A debenture holder earns

Answer Details
A debenture holder earns fixed interest. A debenture is a type of bond or debt instrument issued by a company or organization to raise capital. When an investor buys a debenture, they are essentially lending money to the issuer. In return, the issuer pays the debenture holder a fixed rate of interest for a specified period of time, usually until the debenture matures. This fixed interest payment is the main source of earnings for a debenture holder.
Read lesson note on Theory Of Costs (JAMB)
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