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Debentures are ?

A. Income bonds that require interest payments only when earnings permit.

B. Subordinated debt and rank behind convertible bonds.

C. Bonds secured by the full faith and credit of the issuing firm.

D. A form of lease financing similar to equipment trust certificates.

Accounting Auditing Cost Accounting CMA
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Date Posted: 2015/04/13
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Ameeja farvin
by Ameeja farvin , Assistant Pharmacy Executive , Life Healthcare Group

 

C. Bonds secured by the full faith and credit of the issuing firm.

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