Chocbi Sdn Berhad has proposed to issue a convertible bond worth RM35 million with ten years to maturity and 6% coupon rate. The conversion price is at a premium of 20%. Chocbis shares sells at RM50 million. The companys current earnings per share is RM0.30 and its price earning ratio is 15.

Calculate the following:

a. conversion price

b. conversion ratio id the face value of tge convertible bond is RM100

c. conversion value

d. number of shares to be issued if the bond is fully converted