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You are the CFO of a corporation that has AED 10M of debt due in one year. The company's total market value is AED 5M
You are the CFO of a corporation that has AED 10M of debt due in one year. The company's total market value is AED 5M and currently has AED 2M in cash. Discuss how your decision would affect the shareholders if an investment opportunity of AED 2M comes up with a possible pay-off of AED 15M with 5% probability.
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