Which of the following attracts only interest but leaves the capital unpaid?
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Correct Answer: Option C
Explanation:
An irredeemable bond has no fixed maturity date for repayment of its principal. The holder receives interest according to the terms of the bond, while the original capital remains outstanding unless the issuer chooses to redeem it under applicable terms.
An irredeemable bond has no fixed maturity date for repayment of its principal. The holder receives interest according to the terms of the bond, while the original capital remains outstanding unless the issuer chooses to redeem it under applicable terms.