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1) To calculate issue cost, why tax saved is 2% ? I thought the subsidy given on loan by government should be the amount of interest that
the company should saved which is 5.5%. Is there any trick in the scenario ?2) Why the investment funds required become $14448 instead of $14000 only ?
3) Why fasibility study commissioned by directors at cost $250,000 not included in the computation ?
The following thread may be of some assistance to you in answering some of your questions-
https://opentuition.com/topic/dec-2010-fubuki-and-issue-cost-calculation/
Hope this helps.
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