A source of capital to a public company which attracts a fixed rate of interest is
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Correct Answer: Option B
Explanation:
A debenture is a form of borrowed capital raised by a company. The holder of a debenture is a creditor of the company and is normally entitled to receive interest at a fixed rate according to the terms of the debenture.
A debenture is a form of borrowed capital raised by a company. The holder of a debenture is a creditor of the company and is normally entitled to receive interest at a fixed rate according to the terms of the debenture.