The correct answer is: A. irredeemable
Debentures are loans that a company makes to investors. They are usually issued with a fixed interest rate and a maturity date, at which point the company must repay the loan to the investors. Debentures can be either redeemable or irredeemable. Redeemable debentures can be repaid by the company at any time, but irredeemable debentures must be repaid on the maturity date.
Option A, irredeemable, is the only option that is not a characteristic of debentures. Debentures can be participating, registered, or bearer, but they cannot be irredeemable.
Participating debentures give investors the right to share in the company’s profits. Registered debentures are registered in the name of the investor, while bearer debentures are not registered and are simply held by the investor.
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