Debentures are said to be issued at par when their issue price is equal to the _____ value.

Face

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Nominal

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Actual

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Base

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Solution

The correct option is A Face
Debenture is a written instrument acknowledging a debt under the common seal of the company. Debentures can be issued at par, at premium, or at discount. They can also be issued for consideration other than cash or as a collateral security. Debentures are said to be issued at par when face value of debenture equal to the issue price of debenture.

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When a debenture is issued at a price below its nominal value, it is said to be issued at ___

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