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Commerce · Q595

Business Finance

Graduate and Post Graduate · Commerce · question 595

Q595

Debentures can best be described as a form of

A.
Short-term loans with variable interest rates
B.
Medium-term loan with variable interest rates
C.
Long-term loan with a fixed interest rate
Answer
D.
Long-term security giving the holder part ownership of the business

Answer: Option C

Solution

Answer: Option C
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