The Market Value of a Debenture Is the Amount at Which

The market value of a debenture is the amount at which it would be exchanged in an active, liquid market (its fair value) .When a company raises funds using debentures and the current market interest rate is different to the rate in the debenture deed at issue date, that company normally will receive the:

A) face amount of the debenture, pay the market rate of interest over the debenture's term and pay the market value of the debenture upon maturity
B) market value of the debenture, pay the market rate of interest over the debenture's term and pay the face amount of the debenture upon maturity
C) face amount of the debenture, pay the rate of interest in the deed over the debenture's term and pay the market value of the debenture upon maturity
D) market value of the debenture, pay the rate of interest in the deed over the debenture's term and pay the face amount of the debenture upon maturity