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Question
Which of the following statement is incorrect with respect to debentures?
Options
Debentures can be issued for cash.
Debentures cannot be issued at discount.
Debentures can be issued as collateral security.
Debentures can be issued at premium.
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Solution
Debentures cannot be issued at discount.
Explanation:
Debentures can be issued at par, premium or discount.
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