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Hi,
I would like to find out how to go about treating the note 2 in the above question, below, how to go about working this.The 8% loan note was issued on 1 October 2008 at its nominal (face) value of $30 million. The loan note will be
redeemed on 30 September 2012 at a premium which gives the loan note an effective ? nance cost of 10% per
annum.
Thanks
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