Which of the following best describes a debenture? (Published CFP question, 1996) a, A corporate deb
Which of the following best describes a debenture? (Published CFP question, 1996)
a, A corporate debt obligation that allows the holder to repurchase the security at specified dates before maturity
b, Unsecured corporate debt
c, A long-term corporate promissory note
d. An investment in the debt of another corporate party
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