The rate of interest payable on debenture is _____.
Q.1 (A) (3) The rate of interest payable on debenture is _____.
A. fixed
B. floating
C. uncertain
Q.1 (A) (3) The rate of interest payable on debenture is _____.
A. fixed
B. floating
C. uncertain
Best answer
Answer: A. fixed
Answer: (a) fixed
Debentures normally carry a fixed rate of interest, which is a charge on profit and must be paid whether or not the company earns a profit.
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