Multiple Choice
Which statement concerning debentures is incorrect?
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.
Correct Answer:
Verified
Correct Answer:
Verified
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