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Prop Limited is issuing convertible shares. Prop agreed that conversion will occur for $500 million with a 25 per cent conversion premium, which is issued
Prop Limited is issuing convertible shares. Prop agreed that conversion will occur for $500 million with a 25 per cent conversion premium, which is issued when the firm's stock price is $20. Given these delails how many shares will be issued Show your calculations 14 Marks)
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