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Zwide Bank has granted a loan of R 1 7 m to Mbombela Sugar Mills, secured by a portfolio of blue - chip shares with

Zwide Bank has granted a loan of R $17$ m to Mbombela Sugar Mills, secured by a portfolio

of blue $-$ chip shares with a current market value of R $24$ m $.$ As per the policy of the bank,

a $50 %$ margin is required on collaterals of equity shares. Provide an appropriate facility

grade, assuming Zwide Bank follows the Facility Grading table given below.

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