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JAMB Commerce 2009 Question 29

Question 29

Stock Exchange

The financial instrument that entitles the holder to receive dividend and capital gains is a

  1. A.share
  2. B.bond
  3. C.bill of exchange
  4. D.treasury bill
Show the answer and explanation

Answer: A (share)

Explanation

A shareholder earns dividends and gains when the share price rises; bonds and bills earn interest.