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JudgmentIntermediatePublished

Question · The contractual obligation to deliver cash

Brume SA issues perpetual securities with a total nominal value of 2,000,000 and no redemption date. The contract obliges Brume to pay each year a fixed coupon of 5% of the nominal value, with no possibility of suspending or deferring it (case facts). Write a short justification of the classification at issue, distinguishing rule, case facts and conclusion.

Your answer

Judgment question: compare your answer with the criteria and the model explanation.

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