June 2014 Burung Co

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December 10, 2015 at 5:45 pm #290418
Oscar
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In June 2014 question 2(a), why 2/98 instead of 2/100 is used in the calculation of issue costs?
December 10, 2015 at 7:44 pm #290554
John Moffat
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Because the issue costs are 2% of the finance raised, which only leaves 98% for investment. So for every 98 invested, the issue costs will be 2.
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