11. Intan Berhad's earnings per share is RM0.50 and its price earnings ratio is.2004 The management has proposed the issuance of RM50 million of convertibig bonds, with a coupon rate of 10% per annum and a maturity period of time years. The conversion price will be at a premium of 20%. At present, the company has 15 million shares outstanding, a tax rate of 30% and no dividend payments. Its current earnings before interest and tax are RM15 million. Required: a. Calculate the conversion price. b Calculate the conversion ratio if the face value of the convertible bomer is RM1,000. c. Calculate the total number of new shares that would be issued if the bonds are fully converled. 11. Intan Berhad's earnings per share is RM0.50 and its price earnings ratio is 20 The management has proposed the issuance of RM50 million of convertibia bonds, with a coupon rate of 10% per annum and a maturity period of ter years. The conversion price will be at a premium of 20%. At present, the company has 15 million shares outstanding, a tax rate of 30% and no dividen payments. E Its current earnings before interest and tax are RM15 million. Required: Calculate the conversion price. b Calculate the conversion ratio if the face value of the convertible bond is RM1,000. c. Calculate the total number of new shares that would be issued if ik bonds are fully converted