question 1a kumapito Ltd issued a GHC 50,000,000, three years convertible Bond at par. there were no issue cost. the coupon rate is 10% payable annually in arrears on 31st December. the bond is redeemable at par on 1 January 2014. bondholders may opt for conversion. the term of conversion are two shares for every GHC 1 owned to each bondholder on 1 January 2014. bonds issues by similar companies without any conversion rights currently bear interest at 15%. required assume that all bondholders opt for conversion in full, how will this accounted for kumapito Ltd b) dimadakel Ltd issued 2,000 convertible Bonds at the beginning of 2014. the bonds have a three years term and are issued at par with a face value of GHC 1,000 per bond given total proceeds of GHC 2,000,000. interest is payable annually in arrears at a nominal annual interest rate of 10%. each bond is convertible at any time up to maturity into 250 shares. when the bonds were issued, the prevailing market interest rate for similar debt without conversion was 15% required Determine the equity component of the compound instrument. please solve it step by step.