The type of business finances that entitles the holder to...
The type of business finances that entitles the holder to a fixed rate of dividend is
Preference stock
Common stock
Debentures
Bank loan
Correct answer is C
A debenture is a long-term debt security issued by a company and secured against assets, to raise capital for a business. The holder of a debenture is entitled to a fixed rate of interest at the maturity of the debt.
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