c) ABC Corporation wishes to raise money by selling a 90-day promissory note in the short-term money markets. The note promises to pay the holder $10,000,000 at maturity. If yields on similar risk notes are currently 3.5% p.a., how much money will ABC Corporation receive for the note? (4 marks)

Not this question: Please answer d

d) Why might ABC Corporation decide to issue a convertible note instead of a promissory note? In other words, what are advantages of a convertible note for the borrower and the lender? please answer this question.