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a) Robar Limited is issuing convertible shares. Robar agreed that conversion would occur for $500 million with a 25 per cent conversion premium issued

a) Robar Limited is issuing convertible shares. Robar agreed that conversion would occur for $500 million with a 25 per cent conversion premium issued when the firm's stock price is $20. Given these details, how many shares will be issued? Show your calculations. (2 Marks)

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