Which TWO of the following are advantages of using a debenture trust deed?
(1) The deed creates a charge or charges over the company's assets which creates security
(2) A single trustee of the debentureholders is appointed so the company only has to deal with one person
(3) Debentures covered by a debenture trust deed have a higher priority of repayment on liquidation than debentures not covered by a deed
(4) The process of selling a debenture covered by a debenture trust deed is substantially faster than the process of selling a debenture not covered by a debenture trust deed.
