1. Analyse Sdzuckers capital structure and choice of financing sources in the light of financial theory. This should involve a discussion of financial capital structure theories and their applicability to Sdzucker. In addition, comment on their choice of sources, e.g. why may they have chosen to issue a hybrid bond? Your discussion should demonstrate clear evidence of wider reading (academic and practitioner sources). You may also wish to undertake some calculations to support your discussion (e.g. gearing ratio).