Multiple Choice
Which one of the following features of debentures is true?
A) Debentures never carry a fixed rate of interest.
B) Debenture interest is a not an allowable expense for tax purposes.
C) Debentures holders are not usually given any security for their loans.
D) Debenture interest has to be paid.
Correct Answer:
Verified
Correct Answer:
Verified
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