A fixed rate of _________ is payable on debentures

dividend
Commission
Interest
Brokerage

The correct answer is C. Interest.

A debenture is a long-term loan that a company raises from investors. The loan is secured by the company’s assets, and the investors are paid interest on the loan. The interest rate on a debenture is usually fixed, and it is paid out on a regular basis, such as quarterly or semi-annually.

A dividend is a payment that a company makes to its shareholders out of its profits. Dividends are not guaranteed, and they can be changed or cancelled at any time by the company’s board of directors.

A commission is a fee that is paid to a broker or agent for their services. Commissions are usually based on the amount of money that is transacted, and they can be a percentage of the sale price or a flat fee.

Brokerage is the act of buying or selling securities on behalf of a client. Brokers charge a commission for their services, and the commission is usually based on the amount of money that is transacted.