The rate of interest payable on debentures is ________. (Fill in the blank by choosing correct option)
a) uncertain
b) fixed
c) floating
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The rate of interest payable on debentures is ✨FIXED✨
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The answer is ‘fixed’
An individual has to pay a certain amount as an interest in the product.
It is mainly calculated as per the face value.
However, this amount is not paid every month rather depends on the half-yearly or yearly basis.
It is mainly the charge that is taken up against the company’s profit hence the amount must be paid even if the company goes to lose.
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