Syarikat Berlian decided to venture into a new business. The management identified that they needed to raise 6% of 15,000 units of convertible bonds in order to support the current operation. The bonds will mature in 15 years time. If the conversion price is RM50.00 and the marketed at 15% lower, determine the following: i) conversion ratio Select one: a. 25 b. 20 C. 15 d. 10