29.What is the primary purpose of debentures? A. Ownership in a company B. Fixed-rate interest payments C. Voting rights D. Venture capital funds
Question
Solution 1
The primary purpose of debentures is B. Fixed-rate interest payments.
Debentures are a type of debt instrument that is not secured by physical assets or collateral. They are backed only by the general creditworthiness and reputation of the issuer. The primary purpose of issuing debentures is to ra Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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