The type of business finances that entitles the holder to a fixed rate of dividend is?
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Correct Answer: Option C
Explanation:
A debenture is a long-term debt security issued by a company and secured against assets,
to raise capital for a business. Debenture security yields a fixed rate of interest.
A debenture is a long-term debt security issued by a company and secured against assets,
to raise capital for a business. Debenture security yields a fixed rate of interest.