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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

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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