Consider the following statements about "Short-term”:
1. Short-term financial instruments that cannot be converted into shares are called non-convertible debentures (or NCDs).
2. Non-convertible shares of a company’s stock with dividends that are paid out to shareholders before common stock dividends are issued are called non-convertible redeemable preference shares (NCRPS).
Which of the above-given statement/s is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2