Question

Electro steel tubes ltd. Is a multi-product company manufacturing tubes and pipes in exotic
material and steel pipes in wide ranges, for wide spectrum of applications .It now wants to cater
to the American market and decide to invest in new hi-tech machines. Since the instrument is
large, the finance manager wants to raise funds through the financial instrument which can be
issued to American nationals only.
Identify and explain the source of finance used by company to meet its fund requirement.

Answer 1

Answer:

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