Question :
Debentures, whether issued for cash or for consideration other than cash, may be issued:
Option 1: at par
Option 2: at premium
Option 3: at discount
Option 4: All of the above
Correct Answer: All of the above
Solution : Answer = All of the above
Debentures, regardless of whether they are issued for cash or for consideration other than cash, can be issued at par (equal to their nominal value), at a premium (above their nominal value), or at a discount (below their nominal value). Therefore, all of the options listed are correct.
Hence, the correct option is 4.