JAMB Commerce 2008 Objective — Question 20

Question 20 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2008 Objective paper, with the correct answer and a full explanation.

20. A source of capital that has both elements of debt and equity is a

A. debenture
B. warrant
C. loan
D. shareCorrect

Explanation

A share is a unit of ownership in a limited liability company; it serves as equity but the holder can also withdraw shares, acting like debt.

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