Q73
A fixed rate of _________ is payable on debentures
A.
dividend
B.
Commission
C.
Interest
AnswerD.
Brokerage
Answer: Option C
Solution
Answer: Option C
Solution:
A fixed rate of Interest is payable on debentures. Debentures are a debt instrument used by companies and government to issue the loan. The loan is issued to corporates based on their reputation at a fixed rate of interest.