Which of the following is NOT true of debentures and debenture holders?
-
A.
Debentures are instruments for rising long-term capital by limited liability companies -
B.
Debenture are fixed interest-bearing securities with specified maturity dates -
C.
Debentures holders are creditors to the company and therefore do not share in the risk of the company -
D.
Debenture holders are entitled to interest payments whether or not profits are made -
E.
Preference shareholders recieve their share of profits before debenture holders receive their entitlements