Consider the following statements about a debenture:

  1. It is a debt instrument
  2. Its freely transferable
  3. Its holder has voting rights in company’s annual general meetings
  4. It is a part of company’s capital structure

Which among the above statements is/ are correct?

[A] Only 1 & 2
[B] Only 2 & 3
[C] Only 3 & 4
[D] Only 1, 2 & 4 

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