JAMB - Commerce (2009 - No. 29)
The financial instrument that entitles the holder to receive dividend and capital gains is a?
share
bond
bill of exchange
treasury bill
Vysvetlenie
Share capital is a financial instrument that allows its holders units of equity ownership in a corporation. Shareholders enjoy distribution in any residual profits, if any are declared, in the form of dividends. Shareholders may also enjoy capital gains if the value of the company rises.