Mr. Williams owns a coconut processing factory in Guyana. He wants to expand his operations but does not want to repay borrowed money with interest. Which source of finance should he consider?

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Question

Mr. Williams owns a coconut processing factory in Guyana. He wants to expand his operations but does not want to repay borrowed money with interest. Which source of finance should he consider?

Accepted Answer

Issuing shares — Award 1 mark for recognizing that shares do not require repayment with interest. A is incorrect — hire purchase requires regular payments including interest charges. C is incorrect — bank loans require repayment of principal plus interest. D is incorrect — leasing involves regular rental payments which include implied interest costs.

Answer

Bank loan

Answer

Issuing shares

Answer

Hire purchase

Answer

Leasing equipment

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