FollowupForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › FollowupThis topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts April 21, 2018 at 3:32 pm #448389 humaiParticipantTopics: 756Replies: 248☆☆☆☆☆Sir if the question says that A company issued its 12% irredeemable loan notes at 95. Current market price is 92. Company pays corporation tax at a rate of 30%. So as the company issues loans at 95, so here 95 doesn’t mean nominal/par value? April 21, 2018 at 5:48 pm #448392 John MoffatKeymasterTopics: 56Replies: 53816☆☆☆☆☆No – it means that they issued the loan notes at a discount to nominal value.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In