1. A business will aim to issue convertible loan notes with the lowest possible conversion premium.
2. Convertible loan notes normally have a higher coupon rate of interest than non- convertible loan notes.
Which ONE of the following combinations (true/false) is correct?
A. Statement 1 = True, Statement 2 = True
B. Statement 1 = True, Statement 2 = False
C. Statement 1 = False, Statement 2 = True
D. Statement 1 = False, Statement 2 = False
Consider the following two statements concerning convertible loan notes:
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