Layout Heferences Review VIEW HIP 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 w ABC Corporation receive for the note? (4 marks) Answer: 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? (4 marks) Answer: ch t D + 13 - + Q y an FS FO Go 77 FB Home F10 FUN 512 * $ 4 3 % 5 4 & 7 6 ( 9 8 0 TER IT LY