The type of business finances that entitles the holder to...
The type of business finances that entitles the holder to a fixed rate of dividend is
Preference stock
Common stock
Debentures
Bank loan
Correct answer is C
A debenture is a long-term debt security issued by a company and secured against assets, to raise capital for a business. The holder of a debenture is entitled to a fixed rate of interest at the maturity of the debt.
One method through which the Central Bank can restrict the commercial banks' power of credit exp...
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A joint stock company enjoys perpetual existence because ...
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Capital as a factor of production is important because ...
The function of money which makes division of labour possible is its ...
Internal economies of scale are expected to bring about ...