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Question
Which of the following statements is false?
Options
Debenture is a form of public borrowing.
It is customary to prefix debentures with the agreed rate of interest.
Debenture interest is a charge against profits.
The issue price and redemption value of debentures cannot differ.
MCQ
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Solution
The issue price and redemption value of debentures cannot differ.
Explanation:
Debentures can be issued at a discount or premium and redeemed at a different value (e.g., issued at a discount, redeemed at a premium).
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