In the context of Convertible Debentures, consider the following statements: 1. A convertible debenture is a type of long-term debt issued by a company that can be converted into stock after a specified period. 2. Convertible debentures are usually secured bonds with the underlying collateral connected to the debt. Which of the above statements is/are correct? - Study24x7
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UPSC & State PSC
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In the context of Convertible Debentures, consider the following statements: 1. A convertible debenture is a type of long-term debt issued by a company that can be converted into stock after a specified period. 2. Convertible debentures are usually secured bonds with the under...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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