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Please provide answer for only question 1,2 and 4. C11-4 Groupe Casino: Determining whether it is debt or equity (Lo 11-10 9) Groupe Casino is

image text in transcribedimage text in transcribedPlease provide answer for only question 1,2 and 4.

C11-4 Groupe Casino: Determining whether it is debt or equity (Lo 11-10 9) Groupe Casino is a French multinational company that operates more than 9,000 multiformat retail stores-hypermarkets, supermarkets, discount stores, convenience stores, and restaurants-throughout the world. In January 20X5, Casino issued 600 million of undated deeply subordinated fixed-to-CMS-floating-rate notes at a price of 101. The offering circular described certain aspects of the notes as follows page 637 Deeply Subordinated Obligations The Notes are deeply subordinated obligations of the Issuer and are the most junior debt instruments of the Issuer, subordinated to and ranking behind the claims of all other unsubordinated and subordinated creditors of the Issuer Undated Securities The Notes are undated securities, with no specified maturity date. The Issuer is under no obligation to redeem the Notes at any time. The Noteholders have no right to require redemption of the Notes, except if a judgment is issued for the judicial liquidation liquidation judiciaire) of the Issuer or, following an order of redressement judiciaire, the sale of the whole of the business (cession totale de l'enterprise) of the Issuer, or in the event of the voluntary dissolution of the Issuer or if the Issuer is liquidated for any other reason Interest Interruption The Issuer has the option to decide not to pay interest on the Notes on any Interest Payment Date if, during the 12-months period preceding such Interest Payment Date, it has not paid or declared any dividend on its Equity Securities and provided it has not made, during any such period, any payments on (including inter alia by way of redemption, purchase or redemption of) any Equity Securities. The interest payment provisions of the Notes are non-cumulative. Accordingly, any interest not paid on the Notes as a result of the valid exercise by the Issuer of such option will be forfeited and accordingly will no longer be due and payable by the Issuer No Voting Rights The Notes are nonvoting

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