The Statement Concerning Debentures That Is Incorrect Is

Multiple Choice

The statement concerning debentures that is incorrect is:

A) A trustee,such as a bank or an insurance company,must be appointed to protect the rights of the debenture holders
B) An issue of debentures to the public must be accompanied by a prospectus
C) The division of debenture borrowings into $100 or $50 units allows many small investors to participate in the issue
D) The market value of debentures is always the same as their face value