Economics · Economy
Capital issues consist of corporate securities like shares and debentures. Read the following statements in this context: a. All Shareholders do not have any ownership of the company. b. All Shares are merely loans which carry a fixed interest rate and are non-convertible. c. All debenture holders do not have any share in the ownership of the company. d. All debentures are merely loans which carry a fixed interest rate. Which of the above statements is/are NOT correct?
- 1b, c and d only
- 2c and d only
- 3a and b only✓
- 4a and c only
Correct answer
a and b only
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