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WAEC Commerce 2012 Question 14

Question 14

Business Finance

The entitlement of a debenture holder from a company's income is known as

  1. A.commission.
  2. B.interest.
  3. C.lien.
  4. D.dividend.
Show the answer and explanation

Answer: B (interest.)

Explanation

Debenture holders are lenders and receive interest.