Q.51 Nubo Co (12/13) BPP KIT

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March 8, 2017 at 12:00 pm #376563
syfar42
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Part b), in the answers, why will the borrowing capacity be limited to $201.6m? Shouldn’t it be $301.60m after demerging because 30% of {550+122} is $201.6m plus 100% of this would be $301.6m.
March 8, 2017 at 5:51 pm #376691
John Moffat
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How on earth do you arrive at 301.6??
100% x 201.6 = 201.6
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