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out References Mailings Review View Help (6 marks) Answer: c) ABC Corporation wishes to raise money by selling a 90-day promissory note in the short-term

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out References Mailings Review View Help (6 marks) Answer: 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) Answer: d) Why might ABC Corporation decide to issue a convertible note instead of a promissory noto? In other words, what are advantages of a convertible note for the borrower and the lender? (4 marks) Answer: o

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