Question on: SS2 Accounting - Loan Capital: Debentures
What is the difference between secured and unsecured debentures?
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A
Secured debentures are backed by collateral, while unsecured debentures are not
B
Secured debentures have a higher interest rate than unsecured debentures
C
Secured debentures can be converted into equity, while unsecured debentures cannot
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Correct Option: A
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