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Part II Rathbone Ltd offers a loan of $500,000 to Leo Ltd in July 2020. Rathbone Ltd expects Leo Ltd's business to grow substantially, as

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Part II Rathbone Ltd offers a loan of $500,000 to Leo Ltd in July 2020. Rathbone Ltd expects Leo Ltd's business to grow substantially, as such, the loan agreement has included a convertible feature that Rathbone Ltd can require Leo Ltd to settle the loan with 50,000 of the Leo Ltd's own equity instrument. Required: Explain whether this convertible loan qualify to be measured at amortised cost under IFRS 9 / AASB 9 Financial Instruments

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