Which of the following is not true with respect to debentures?
A) A debenture is unsecured and backed only by the full faith and credit of the issuing company
B) Debentures have junior claim to all aspects relative to all other forms of bonds
C) Claims of debentures are equal to those of general creditors
D) In the case of liquidation subordinated or junior debentures are paid after regular debenture holders
E) All of the above are true about debentures
Correct Answer:
Verified
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