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JAMB Commerce 2012 Question 36

Question 36

Stock Exchange

Securities that entitle the investor to coupon rates are

  1. A.bonds
  2. B.equities
  3. C.warrants
  4. D.treasury bills.
Show the answer and explanation

Answer: A (bonds)

Explanation

A bond pays a fixed rate of interest called the coupon; shares (equities) earn dividends instead.