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Answer part a the last sentence from the point at which to director has forecast I don’t understand
At the moment the cash flow receivable is 22.00M and the certificates are receiving 3.17M.
If the cash flows receivable falls below 22.00 – 3.17 = 18.83M then there is nothing left for the certificates to receive and as it gets lower the income to the C-rated loan notes will fall.
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