One of the characteristics of a debenture is that

One of the characteristics of a debenture is that
  • A.
    it yields a fixed rate of dividends
  • B.
    it has no redemption date
  • C.
    it yields a fixed rate of interest
  • D.
    its holder has a voting right
  • E.
    the holder bears more risk than others
Correct Answer: Option C
Explanation
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