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21:12 AA docs.google.com c Choose This is a required question Excellence Berhad is intending to raise some funds through 3 points issuance of 200000 units of convertible bonds to finance the expansion of their project. These convertible bonds would have 8% coupon rate, a RM1000 face value and mature in 10 years. Conversion price is at a premium of 25% of market price. The company's shares are now trading at RM40 per unit; the management of Excellence Berhad realized that the company can boost its earnings before interest and tax by RM20 million from RM15 million after financing with convertible bonds. At present the company has 16 million common shares outstanding and pays RM1 million dividend annually to preferred stockholders. Tax rate is 40%. Calculate, EPS before conversion and After 60% conversion BEFORE CONVERSION=0.71 & AFTER 60% CONVERSION = 0.56 BEFORE CONVERSION=0.65 & AFTER 60% CONVERSION=1.09 BEFORE CONVERSION 1.25 & AFTER 60% CONVERSION 1.25 BEFORE CONVERSION=0.65 & AFTER 60% CONVERSION=0.88 Clear form Back Submit Never submit passwords through Google Forms. This form was created inside of Universiti Teknologi MARA. Report Abuse Google Forms