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M Mr. lfned, the Finance Director of MED Sdn Bhd, is planning to raise funds to fund an acquisition project. He has decided to use
M Mr. lfned, the Finance Director of MED Sdn Bhd, is planning to raise funds to fund an acquisition project. He has decided to use the following sources. 1. Issue hoods amounling to RM 2.5 M with an annual coupon rate of 6.5%. 2. Issue E units of preferred shares for RM2 each 1with a fixed dividend rate of 8% 3. Issue l units of ordinary shares for EMS each. Mr. Alfred expect to pa},F an annual dividend of 10% to all its ordinary shareholders. Given that the tax rate of the companyT is 26%
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