Final answer:
The correct answer is option c. equally with general creditors.
Step-by-step explanation:
When a corporation goes through the process of dissolution, the order of repayment is crucial in determining who gets paid first from the remaining assets. Holders of corporate debentures are generally considered a type of bond or debt that the company has issued. In the hierarchy of debt repayment, the holders of corporate debentures typically rank equally with general creditors. This means they stand above common and preferred stockholders in terms of repayment but may rank below secured creditors, who have legal claims on certain assets as collateral for the debt.
Secured debtors have the highest claim because their loans are backed by collateral, ensuring that they get paid out first in the event of company liquidation. Following them are the unsecured creditors, which include debenture holders, who do not have specific claims on assets. Equity holders, like common and preferred stockholders, are the last to be paid. They only receive their share after all creditors are satisfied.
Therefore, in the context of corporate dissolution, the correct answer to where debenture holders stand in terms of repayment priority is: c. equally with general creditors.