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Company XYZ Ltd has sold 10,000 ordinary shares of Kshs.30 (partly called up) plus 20,000 Kshs.45 preference shares, which are convertible. Compute the total number

Company XYZ Ltd has sold 10,000 ordinary shares of Kshs.30 (partly called up) plus 20,000 Kshs.45 preference shares, which are convertible. Compute the total number of ordinary shares after conversion.
b. Briefly explain circumstances when loans are ideal for debt financing.

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