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Which of the following statements correctly describe the term ‘convertible debentures’ as used in corporate and financial world ?
It is the debenture which is issued as a ‘bonus issued’ to the holders.
It a the debenture which after a specified time gap
It is the debenture is issued by a company with the intention to buy it back after a specified time gap
These are debentures issued to the main promoters of a company, they are not available for trading in the market as they are payable only at time of the closure of the business by the company
None of these
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