QUESTION 3 Section 1 Atlantic Airlines Ltd ('AA') is an airline that provides domestic and international flights across the globe. It has a small treasury department focusing on investing and utilising the company's funds for investment purposes. AA has a financial year-end of 31 December and elected to early adopt the most recent version of IFRS 9 Financial Instruments in the 2020 reporting period. You are the financial manager at AA and you received the following email from Johannes, a treasury clerk at AA, in connection with debentures that were acquired during the 2020 financial year by AA: Page 29 of 30 QUESTION 3 Section 1 Atlantic Airlines Ltd ('AA') is an airline that provides domestic and international flights across the globe. It has a small treasury department focusing on investing and utilising the company's funds for investment purposes. AA has a financial year-end of 31 December and elected to early adopt the most recent version of IFRS 9 Financial Instruments in the 2020 reporting period. You are the financial manager at AA and you received the following email from Johannes, a treasury clerk at AA, in connection with debentures that were acquired during the 2020 financial year by AA: Page 29 of 30