Question: Before its conversion to ordinary shares, capital notes issued by Australian banks provide investors with _______________. A. a fixed dividend payment B. a distribution calculated

Before its conversion to ordinary shares, capital notes issued by Australian banks provide investors with _______________.

A. a fixed dividend payment B. a distribution calculated by applying a variable margin over the coupon rate. C. a distribution calculated by applying a variable margin over the BBSW rate D. a distribution calculated by applying a fixed margin over the BBSW rate E. a variable dividend payment

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